Lynne Featherstone, Liberal Democrat MP for Hornsey and Wood Green, has welcomed the news that the UK economy has emerged from recession.
Between September and July this year, the economy grew by 1%. This figure is based on official gross domestic product figures (GDP), which measure the market value of all officially recognized final goods and services produced within a country.
Lynne Featherstone MP commented:
“Today’s positive GDP figures are another encouraging sign. Together with falling unemployment and inflation, these are signs that the economy is healing.
“Liberal Democrats know that what matters to people is the money they have in their pocket. That is why we have supported people on low and middle incomes in these difficult times by lifting more than a million people out of paying Income Tax at all.”
Commenting on the GDP figures, co-chair of the Liberal Democrat Treasury Parliamentary Policy Committee, Stephen Williams MP said:
“We are working hard to build a sustained and sustainable economic recovery. Only last week, Nick Clegg announced another £1bn worth of investment through the Regional Growth Fund, helping to create jobs across the country.
“The UK suffered a huge economic shock during the financial crisis. Liberal Democrats were clear when we joined the Coalition Government that it would be a choppy road to recovery but that we needed to create the right conditions to support growth and deal with the deficit.”