Spencer Drury: new figures show Conservatives’ plan is delivering more security for families across the Eltham constituency

Spencer Drury has welcomed new figures showing that 940 fewer people are claiming Jobseeker’s Allowance across the Eltham constituency since 2010, a 41% drop. This means more people in work, with the security of a regular pay packet and a brighter future ahead of them.

 

People are moving off benefits and into work across London with 512,000 more people in work compared to the last election.

 

Across Britain unemployment has fallen by its largest annual amount since records began – falling below two million for the first time since 2008.

 

Jobs are being created across the Eltham constituency, with more shops opening (despite the Labour Council’s revived Pavement Tax) and substantial building projects in schools (like the Harris Academy and Colfe’s) together with homes at the Kidbrooke Village.

 

The figures also confirmed that next year the basic state pension will rise by 2.5 per cent, faster than inflation and earnings, because of the Conservatives’ triple lock. The £148 rise will help ensure financial security for older people who have worked hard all their lives.

 

Since 2010 the basic state pension has risen by £800.

 

Spencer said:

 

“These figures prove that the Conservative-led governments plans for the economy are working.  We are getting people into work and this is so important in ensuring that fewer people have to rely on benefits to provide their livelihood.  The Conservatives appear to me to be the only party with a serious economic plan for the future, while others are playing political games rather than putting the interests of our nation first.

 

In addition, pensioners are better off as a result of the government’s reforms, with the dtate pension rising by £148 next year. 

 

As these figures show that plan is working, delivering an above inflation rise in the state pension and getting us closer to our target for full employment. This means greater financial security for hardworking taxpayers and their families across the Eltham constituency], who can look forward to the future with greater peace of mind.”

 

Key facts and figures nationally

 

·        On 15 October 2014, the ONS published labour market statistics for the three months to August 2014 and the Claimant Count (Jobseeker’s Allowance) figures for August 2014 (ONS, Labour Market Statistics, 15 October 2014, link).

 

·        The basic state pension will rise by £148 next year – faster than wages or earnings. The triple lock introduced by this government means that the basic state pension rises by whichever is largest of earnings growth, price inflation, or 2.5 per cent. Next year this will be 2.5 per cent, a £2.85 weekly increased, worth £148 over the year (House of Commons library, State Pension Uprating, 31 March 2014, link).

 

·        The state pension has already risen by £800 since 2010 (ibid.).

 

Key statistics

 

·        Employment:30.8 million (up 46,000 this quarter and up 1.7 million since the election).

 

·        Employment rate:73.0 per cent (up 0.1 points this quarter and up 2.8 points since the election).

 

·        Unemployment:1.97 million (down 154,000 this quarter and down 538,000 since the election).

 

·        Unemployment rate:6.0 per cent (down 0.4 points this quarter and down 1.9 points since the election).

 

·        Claimant count: 951,900 in September (down 18,600 on August and down 542,900 since the election).

 

·        Total weekly pay: in August 2014 this was up by 0.8 per cent over the year.