A record fall in unemployment shows Britain is the “job creation capital” of the developed world, Danny Alexander said.
In the year to August unemployment dropped 538,000 – the largest annual fall on record. The drop took the unemployment rate in Britain to 6%, its lowest level since late 2008, according to the Office for National Statistics.
The number of people claiming Jobseeker’s Allowance in September also fell, by 18,600 to 951,900. The drop marked the 23rd consecutive monthly reduction.
Chief Secretary to the Treasury Danny Alexander said: “Our jobs rich economic recovery means that Britain is fast becoming the job creation capital of the western economies.
“Because our recovery plan is working, so is the country and in record numbers.
“Every job created is a family made more secure and is another step towards the stronger economy and fairer society that Liberal Democrats are committed to build.”
Bath MP, Don Foster has welcomed the news that the number of unemployed claimants in Bath has continued to fall over the last year.
The number of unemployed claimants in the Bath constituency in September 2014 was 644. This represents a rate of 1.5% of the economically active population aged 16 to 64. The number of claimants is 491 lower than in September 2013 and 29 lower than in August 2014.
Commenting Don Foster said: “The strong labour market performance hasn’t happened by accident. The Liberal Democrats have taken steps to ensure our labour market is fair and flexible, delivering opportunities for everyone and preventing exploitation of the most vulnerable.”
On national level, The Office for National Statistics (ONS) figures show that in the year to August unemployment dropped 538,000. This is the largest annual fall on record, taking the unemployment rate to 6%, its lowest level since 2008.
Commenting further, Steve Bradley, Lib Dem Parliamentary Campaigner for Bath: “The national and local figures are great news and highlight the great work being done by the Lib Dems both in Government and locally by the Lib Dem Council.”
Don added: “The employment growth that we are now witnessing is one of this Government’s key achievements.”
Don Foster, MP for Bath, has welcomed the news that the basic state pensions will rise by at least £2.85 a week thanks to the Lib Dems’ triple lock. It means Bath pensioners will benefit from an increase in their pension.
This rise will bring the level of the state pension to at least £115.95. In Bath and NES there are almost 32,000 pensioners who will benefit from this rise, which will translate into £18.30 more, each week, than in 2010 when the Lib Dems entered coalition. This means pensioners on the full basic state pension are £950 a year better off than they were under Labour.
Commenting, Don Foster MP said: “I am delighted that the triple lock ensures that Bath pensioners are guaranteed the security of a steady rise in their pensions. This allows them to plan for their future and giving them dignity in their retirement. We have ensured that pensioners in Bath are never again subjected to the indignity of the 75p rise they saw under Labour.”
The triple lock delivers a pension rise of whichever is the greater of average earnings, inflation or 2.5%, meaning pensioners across Bath will see more money in their pockets. The Lib Dems campaigned for it in opposition, have delivered it in Government and have pledged to write it into law in the next Parliament.
Commenting further, Lib Dem Pensions Minister Steve Webb said: “This is fantastic news and proof that the Lib Dems are delivering in government. Thanks to the triple lock commitment in our manifesto pensioners across the country have benefited from a substantial income boost this parliament. I am proud of this record of delivery and that we are the only party with a 2015 manifesto promise to write the triple lock into law.”