Rory welcomes encouraging employment figures at both a local and national level
Rory has welcomed the encouraging figures released this week which show that Government is making progress in its efforts to address the problems facing the UK’s labour market.
In Rory’s own constituency – Penrith and the Border – latest statistics show unemployment to stand at 2% of the working population, one of the lowest figures in the UK.
The figures come alongside the release of business statistics which show that national unemployment is down by 50,000 since the last quarter and there are almost 750,000 more people in employment now than at the election in 2010. Additionally, findings show that there are more than a quarter of a million more businesses this year than there were last year – a record increase.
Rory commented: “We are extremely lucky in this constituency to have the low level of unemployment that we do. Of course we must continue to ensure that we are doing everything we can to help those out of work find a stable source of employment, and the focus now has got to be on using government initiatives like the NEA to make sure this happens. We need to continue removing unnecessary regulations, reforming welfare, and providing the funding necessary to allow people to unlock the entrepreneurship in our economy, but I think we are making a great start at boosting employment prospects in Penrith and the Border.”
The government says it is doing everything possible to grow Britain’s economy and allow the private sector to build sustainable jobs, making it quicker and easier for people to work hard, get on and set up their own business. In an effort to boost entrepreneurship, Minister of State for the Department for Work and Pensions, Mark Hoban MP, has this week announced that due to its success, the New Enterprise Allowance will be further expanded, making it even quicker and easier for people on Jobseekers’ Allowance to set up their own business. Over 8,180 new businesses have been set up since April 2011 thanks to the New Enterprise Allowance (NEA). Those who produce a viable business plan will also be able to get access to £2,000 worth of financial support from day one – reduced from the previous six month wait.