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Private sector driving economic recovery, says Sleaford and North Hykeham MP

By Sleaford Target  |  Posted: September 25, 2012

Steven Phillips

Stephen Phillips, MP for Sleaford and North Hykeham

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BUSINESSES and entrepreneurs across Lincolnshire have been praised by Conservative MP Stephen Phillips.

Delivering the keynote speech at the annual East Midlands Director's Briefing, the Sleaford and North Hykeham MP, said: "We are extremely fortunate in Lincolnshire to have a large number of successful world-beating businesses, often grown from scratch.

"The economic recovery is being led by the private sector, with over a million jobs created in the last two years.

"My message today has been to say how much the government values everything which our small and medium enterprises do, while setting out our plans to help British business in the future."

Mr Phillips also took the opportunity at the event to outline government proposals to reduce red tape faced by businesses.

He added: "This government is dedicated to freeing businesses and other groups from unnecessary rules and simplifying the complex regulatory system, which has grown into a lumbering behemoth.

"This will free up capacity for innovation, diversification and, ultimately, growth."

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  • Andy612  |  September 25 2012, 7:50AM

    This guy is unbelievable! A million jobs created in the last 2 years? - Where? Economic recovery? - We're back in recesssion and forecast to at best flatline for the next 12 months. Private sector leading? Precisely what and how? As far as I can see they are simply hiking consumer prices to maintain bloated profit levels and feeding inflation which in turn deepens the recession. Government commitment to reducing red tape holding back small business development? - Mealy mouthed postulation! Clegg's talking about spending a billion to create a bank to lend money where the core high street banks won't. Isn't it borrowing more than you can raise that caused the deficit leading to recession in the first place? How therefore can lending more be helpful - bankers might be greedy but I doubt they're stupid so why does Clegg think he knows better and is prepared to buy a bank to prove it. Pure folly! Blair and Brown created our current problems by selling the population an illusion of increasing affluence paid for on the never never, it looks to me like doing more of the same might just be a recipe for disaster. I do agree though that this country can't be sustained by the service industries alone and that we need to balance it with an increase in manufacture and global trade. Lending money to companies that will use the cheap third world labour markets and not base their manufacture here is unlikley to help on a big enough scale.

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  • WhistlingD  |  September 25 2012, 7:46AM

    What economic recovery would that be?

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