Alistair Darling visits Edinburgh University / speech to Economic Recovery and Growth Conference

Alistair Darling visits Edinburgh University / speech to Economic Recovery and Growth Conference; Alistair Darling speech continues SOT - Our future prosperity depends, of course, on securing sustainable growth here in Britain and across the globe. Growth will be the engine of progress and development. Growth will generate jobs and opportunity. Provided we do what is right, that we remain constant in our approach, we will secure that much-needed growth. And, as I will argue today, the role of government is pivotal. What government does can make a real difference to our future prospects. The world has changed in the last two years. It demands a new response – the decisions we make in the next few months will be critical, as we emerge from recession and build for the future. For there is a choice. We can resign ourselves to a lost decade. A decade of under-investment, low growth and low employment. Or we can be ambitious for our future, go for growth and the many jobs it will bring. What the Government does to support this is critical. I believe Government can make a difference. Some don't. I disagree fundamentally. While the private sector slowly recovers, it is only governments that can do what needs to be done now – supporting the economy, helping businesses, keeping people in work and in their homes. We gave businesses more time to pay their taxes, 5 billion pounds worth of agreements now in place, over 17,000 in Scotland alone. And their repayment rate is over 90 per cent. The scrappage scheme has been a huge boost to the motor industry. The VAT cut put 12 billion into the economy. Standing back to do nothing was not an option for us then. It must never be an option again in the future. We are now out of recession, but there are still risks ahead of us, as the economy gradually recovers. And as we strengthen the nation's finances and invest in our industrial strength we will create jobs and business opportunities. Just as we took action to pre...
Alistair Darling visits Edinburgh University / speech to Economic Recovery and Growth Conference; Alistair Darling speech continues SOT - Our future prosperity depends, of course, on securing sustainable growth here in Britain and across the globe. Growth will be the engine of progress and development. Growth will generate jobs and opportunity. Provided we do what is right, that we remain constant in our approach, we will secure that much-needed growth. And, as I will argue today, the role of government is pivotal. What government does can make a real difference to our future prospects. The world has changed in the last two years. It demands a new response – the decisions we make in the next few months will be critical, as we emerge from recession and build for the future. For there is a choice. We can resign ourselves to a lost decade. A decade of under-investment, low growth and low employment. Or we can be ambitious for our future, go for growth and the many jobs it will bring. What the Government does to support this is critical. I believe Government can make a difference. Some don't. I disagree fundamentally. While the private sector slowly recovers, it is only governments that can do what needs to be done now – supporting the economy, helping businesses, keeping people in work and in their homes. We gave businesses more time to pay their taxes, 5 billion pounds worth of agreements now in place, over 17,000 in Scotland alone. And their repayment rate is over 90 per cent. The scrappage scheme has been a huge boost to the motor industry. The VAT cut put 12 billion into the economy. Standing back to do nothing was not an option for us then. It must never be an option again in the future. We are now out of recession, but there are still risks ahead of us, as the economy gradually recovers. And as we strengthen the nation's finances and invest in our industrial strength we will create jobs and business opportunities. Just as we took action to pre...
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ITN
Date created:
12 February, 2010
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