top of page

Economy 2024

economy.jpg

Since the last General Election in 2019 Britain had had to weather the economic effects fof the Covid pandemic, the war in Ukraine and the conflict in the Middle East 

Rishi Sunak, as the Chancellor who saw the Country though the pandemic, took some hard but courageous decisions to protect jobs and businesses . Those measures worked and thousands of people are still employed in hundreds of firms that would not have otherwise survived.  The furlough scheme and support came at a price however and that money has to be repaid. 
Few people foresaw the Russian invasion of Ukraine and still fewer  foresaw the terrible events of October 7th in Israel and the subsequent conflict.  All of this has come at a price in the aid that we

have necessarily and properly offered to Ukraine and the rising cost of fuel that has had a dramatic knock-on effect on the cost of living. 

It is true that some damage, through the Truss/Kwarteng budget, has been self-inflicted but the former Chancellor, now Prime Minister, and the current Chancellor Jeremy Hunt have set our Country`s finances back on the road to real recovery. While taxes are at present too high inflation has fallen dramatically and interest rates and mortgage rates are set to follow. 

“Change” might sound superficially attractive but change for the sake of change should not be an option. We must not sacrifice the hard-won gains that we are now making on a whim. 

******************************************************** 

I have said, and believe, that our determination to maintain our spending upon Overseas Aid is both right and honourable. If we, as one of the four richest economies in the World, cannot afford to support some of the poorest people in the World through a commitment of just 0.7% of GDP then we ought to be ashamed of ourselves. It is, of course, vital that aid is well-targeted but that, also, has been and is being addressed.  

During the coming weeks I will seek to respond to every issue raised with me personally by those that I have sought and continue to seek to represent. But while I recognise that individuals and households have equally individual and very specific priorities I believe that the coming election will be determined by who people want to run their country as Prime Minister, who people want and trust to represent them and to fight their corner locally and, above all, how the needs of a post-Brexit nation will be met and paid for financially. We have learned the hard way that, like families, we cannot spend what we have not earned and I do not believe that Britain can, or wants to, return to the days of economic incontinence. 

bottom of page