Today is a major moment in Britain’s recovery.
New figures from the Office of National Statistics show that employment is up, wages are up, and hardworking families are more financially secure:
- 1.75m more people in work since 2010 – that’s 1.75m more people with the security of a pay packet to provide for themselves and their families
- Wages up by 1.6% over the last year – that’s faster than inflation and shows that people have more money in their pockets
- Full-time jobs accounted for 95% of the rise in employment over the past year, while two-thirds of all new jobs since 2010 have been in higher skilled occupations – new jobs are secure, long-term and helping people get on in life
- Youth unemployment down by 185,000 since the last election – young people are finding work and earning a regular wage
- Number of people claiming unemployment benefit down by 595,000 since 2010 – people are getting off benefits and into work (Office of National Statistics, 17 Dec 2014)
By backing businesses with better infrastructure and lower taxes, our long-term economic plan is helping create record numbers of jobs and giving families more financial security.
The biggest threat to all this is Labour. They left nearly half-a-million more people without a job when they were last in power and predicted that our plan would ‘lead to the disappearance of a million jobs’. Their plans for more spending, more borrowing and higher taxes would cost jobs and put the security of hardworking families at risk.
That’s why we need to keep working through the plan – to help deliver security for families and secure a better future for Britain.