Government ‘Wasting A Generation’ as Economy Stays In Recession For ‘Record Time’

Middlesbrough South and East Cleveland Labour MP, Tom Blenkinsop, said today (July 25th 2012) that the Coalition Government ‘were wasting an entire generation on Teesside’ as official figures showed the recession continuing.

The Office of National Statistic today said that Gross Domestic Product (GDP) – a broad measure for the total economy – had shrunk by 0.7% between April and June in its third straight quarter of contraction.

Tom said:
“This is a new British record in Olympic week – but a record we can’t be proud of.  Today’s figures mark the longest double-dip recession since quarterly records began in 1955 and is, I understand, the worst since the second world war.

At a time when all our factories have spare capacity and with a massive reserve army of workers – either unemployed or under-employed – able to turn that spare capacity into production for the country’s need, the blind cost cutting programme of the coalition is just simply wasting an entire generation.

David Cameron, Nick Clegg and George Osborne should heed the views today of the British Chambers of Commerce who have now publicly said that – and I quote – ‘a lack of imagination, willpower and leadership in government is hampering Britain’s recovery from a double-dip recession.

John Longworth, the BCC Chairman said the political response to Britain’s economic malaise had been lackluster and referring to other nations’ airport and infrastructure expansion plans, he said: “Britain dithers while others do”.

He is speaking for those in the hot seat in industry.  The coalition would dismiss such views at their own peril.  Such programmes would be a vital boost for the UK and especially relevant to Teesside, a core industrial region of this country.”

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