UK Politics

Labour Party: Labour will continue to support the recovery

News   •   Jan 27, 2010 09:43 GMT

New figures show Britain has come out of recession – credit to the families and businesses who have worked hard through the downturn. It was right for Labour to support families and the economy – sustaining jobs by giving businesses time to pay tax; introducing a scrappage scheme for cars and stepping up help for people to stay in their homes and find new work.

We need to continue supporting the economy to strengthen the recovery and promote growth and jobs. Labour has been clear – we will halve the deficit over four years – but it would be a huge mistake to cut support while the economy is still recovering. 

Today's growth estimate underlines how dangerous it would be to throw caution to the wind, as the Tories propose, and make deep cuts now. The Tories' approach would wreck the recovery and shows that the Tories remain a risk to families and businesses. 

Labour's Chancellor, Alistair Darling, said:

"There’s a lot of uncertainty around the world, there is still I think more to be done in this country and of course there will be further bumps along the road you know be in no doubt about that.

"But I’m confident that as long as we stick to the path that we’ve set, that we don’t prematurely remove support from businesses, from families, pull the rug from their feet just at the time when they can see confidence returning, provided we stick to that course than I think we can be confident that we’re going to see recovery and through that back into growth."