UK unemployment now under 6% - Simon Hughes

UK unemployment now under 6%


The figures released by the Office of National Statistics (ONS) are very good news.

The unemployment rate across the UK, from September to November 2014, was 5.8% compared to 7.1% for same period last year.

This means that 30.8 million people were in work across the country, 512,000 more than the previous year - a continuation of a trend whereby employment has risen steadily since 2011/2012 and unemployment has fallen.

There was also good news stating that people's average wage had risen by 1.7% over the last year. Higher wage rises, lower inflation rates, and the Liberal Democrat policy of raising the amount at which you start paying income tax means hardworking people are keeping more of their hard-earned money.

While this is of course good news, there is still much work to be done. More local jobs are needed. This can, however, be achieved by investing in our community's infrastructure. For example, by extending the Bakerloo Line down the Old Kent Road and out to Camberwell, or building a pedestrian and cyclist bridge from Rotherhithe to Canary Wharf we can secure investment in the area and help create a vibrant local economy.

These projects will bring jobs and prosperity to Bermondsey, Borough and the Elephant making it doubly important that we keep fighting for them.

The full report from the Office of National Statistics is here, and if you think this is good news, then tweet me @SimonHughesMP.