David Hanson MP, Labour’s Shadow Treasury Minister, in response to US growth figures for the first quarter of 2011, said:
“These figures show that, compared to the UK where we have seen no growth at all in the last six months, the US has grown by 1.2% over the same period. This is despite the fact that both countries have been through the global recession and face deficits as well as high world oil prices and severe snowy weather.
“The United States has done it differently, holding off from deep cuts until the recovery is sustainable. The approach taken so far has ensured that they have growth so they can seek to bring their deficit down in a steady way.
“In the UK George Osborne decided to rip up Labour’s plan to halve the deficit over four years and make a political choice to cut further and faster than any other major economy, including abolishing the future jobs fund, putting the recovery at risk. Without strong growth and jobs it’s harder to get the deficit down because people aren’t in work paying taxes.”