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Bethnal Green and Bow Conservative PPC Matt Smith says: "with growth figures revised upwards local residents have a bright future as the Conservative-led recovery continues apace".

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Wednesday, 1 April, 2015
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Revised figures released on 31 March 2015 show that economic growth last year was better than the original estimates suggested.

Britain’s growth was 2.8% in 2014, outperforming its G7 competitors at a more rapid pace than was previously believed.

Significantly, exports of goods abroad have been a major contributor to this positive trend as has robust service sector growth.

Living standards are steadily improving. The Office for National Statistics shows that household spending increased by 0.3% in quarter 4 of 2014 and disposable income was up 1.8% in the same quarter.

Real household disposable income is now up 2.2% above the level it was before the onset of the down turn.

This Conservative-led recovery is now also reflected in consumer confidence.

Matt Smith said: “Disciplined public spending had set a secure environment in which markets are confident enough to invest. In turn, this has produced employment growth and tax revenues”.

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ConservativesPromoted by Adrian Thompson on behalf of Tower hamlets Conservatives both of 16/4E Docklands Business Centre, 10 – 16 Tiller Road, Docklands London E14 8PX
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