UK growth now highest in the G7

February 24, 2015 1:57 PM
Originally published by UK Liberal Democrats

Growth in the UK has shown the strongest performance among G7 countries from 2013 to 2014, according to the latest report by the Organisation for Economic Co-operation and Development (OECD).

Liberal Democrat Chief Secretary to the Treasury Danny Alexander has welcomed the fact that today's OECD report sets out that the best way to secure the recovery in the next Parliament is to finish the job of deficit reduction and to do so fairly by selective tax increases on the wealthy.

Danny said:

"There's a famous saying that in life 'the past is the best guide to the future' and that is true in economic matters too. That's why we are committed to offering that same balanced approach in the next Parliament as we have had in this Parliament, as endorsed today by the OECD.

"This report confirms that the UK economy is returning to health and highlights the vital role of key Liberal Democrat policies in the turn around. Our dramatic increases in the personal allowance, the greening of the economy, the focus on infrastructure, and putting the financial sector back on an even keel are just a few examples of where Liberal Democrat thinking has been central to the economic turnaround.

Our commitment to continue the same balanced approach in the next Parliament is in stark contrast to the Conservatives who are abandoning fairness and the centre ground. By urging years of cuts for cuts sake, by unfairly finishing the job of balancing the books on the backs of the least well off and undermining our position in Europe they will put this hard won recovery at risk".

With the country on the right track, a lurch to the right with the Tories or to the left with Labour has never posed a greater danger to our economic recovery.