Our economy is back on track – Eluned Parrott

2014 Gorffenaf 25 1:19 PM

Eluned Parrott, Welsh Liberal Democrat Shadow Minister for the Economy, writes...

When the Liberal Democrats helped form the Coalition Government, our number one objective was to get our economy back on track. Now, because of the Liberal Democrats, the UK economy is predicted to be the fastest growing in the western world this year.

Figures announced today show that the UK's economy grew by 0.8% in the last quarter. GDP is now 0.2% ahead of the level it was before the 2008 financial crash.

No-one can deny that the Coalition Government inherited a complete disaster of an economy. The Liberal Democrats recognised that tough decisions had to be made to fix our economy and to cut the UK's mammoth deficit, but we also appreciate that this must be done in a fair way. That is why, for instance, we have ensured that over 150,000 of the lowest paid workers in Wales will no longer pay a single penny of Income Tax.

Our economy is on the right track, but of course that is no excuse for complacency. There is still a long way to go and the Liberal Democrats will continue to work to build an even stronger economy and ensure the UK's dramatic growth continues.

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