Categories: News
      Date: Jan 14, 2010
     Title: Latest growth figures less than impressive warns Tom Biggins

Tom Biggins today expressed concern about the latest figures on economic growth. The Office of National Statistics has announced that in the final quarter of 2009, the economy grew by 0.1%, however many economists have warned that the UK is still at risk of slipping back in to recession later in the year when the figures for Q1 of 2010 are released.

Tom Biggins today expressed concern about the latest figures on economic growth. The Office of National Statistics has announced that in the final quarter of 2009, the economy grew by 0.1%, however many economists have warned that the UK is still at risk of slipping back in to recession later in the year when the figures for Q1 of 2010 are released.

Tom Biggins said: “Gordon Brown's boast about Britain being the best prepared country going into the recession would be laughable if things weren't so serious. Whilst every other country in the G20 came out of recession months ago, Britain has only today managed to grow once more. However, if we factor in increased demand in the run up to Christmas and an artificial spike caused by the VAT rise on January 1^st, such puny growth hardly seems to me to be a ringing endorsement of Labour's policies.

"Obviously, any growth is better than none at all, but we must remember that today only marks the end of the statistical recession, the real recession will continue until employers start hiring once more and people move back into work. Labour's plan for jobs is to increase the tax on employing people by hiking National Insurance. We can't go on like this, we need to cut Corporation Tax for businesses, both big and small and give help to new businesses that want to take on more people."

Conservatives have plans to get Britain working and growing again, whilst tackling Labour's massive debts.