Middlesbrough South and East Cleveland Labour MP, Tom Blenkinsop, said today’s news that the country’s Gross Domestic Product (GDP) was still in free fall, particularly due to a slump in manufacturing, “shows how bad things are for industrial areas like Teesside.”
The Office for National Statistics said that GDP had fallen by 0.2% in the last quarter of 2011 and that this decline was most noted in construction and manufacturing.
Tom said “On a day when the jobs of over 60 workers at the North Tees Petroplus oil storage and distribution plant are in jeopardy following the firm’s bankruptcy, these figures are sobering for Teesside.”
“Teesside has been hit by a double whammy in manufacturing. Firstly, the squeeze on personal incomes imposed by the coalition has hit purchasing power and thus less demand for household goods – many of which have Teesside chemicals as their base – whilst the decimation of public sector investment has meant that goods like steel products for new schools and hospitals are simply not now being purchased.
David Cameron and George Osborne are failing to reduce the deficit and are failing to reduce the national debt. Their policies look set to plunge the UK into a double dip recession. The Government’s economic policies are hurting places like Teesside, but they are not working; Teesside will find it hard to prosper until the UK takes a new economic course.”