Morley Jobs Summit with Shadow Business Secretary Chuka Umunna MP

On Friday Labour’s Shadow Business Secretary, Chuka Umunna and I joined local businesses from Morley Chamber for a jobs summit to hear the concerns of local businesses.

We have a really vibrant business community in Morley and the Chamber does a great job representing their concerns. Members raised a whole range of concerns with Chuka and I, in particular how to run a business when the national economy continues to flatline and the problems they are still having securing finance from the banks to enable them to grow and expand.

Last week’s GDP figures revealed a small level of growth in the national economy. But locally companies continue to raise concerns about availability of credit and support to expand.

Families have been hit hard since 2010. As a result of the VAT increase and other tax and benefit changes, this year the average family is £891 worse off a year, giving them less money to spend on our high streets. Disposable income in Yorkshire and the Humber also lags behind other parts of the UK. According to the Office for National Statistics, disposable income in Yorkshire is just £13,819 a year, compared to £20,509 in London.

Long term unemployment in Morley and Outwood constituency is also up nearly a quarter since last year causing particular problems for the families affected.

Chuka and I will now be taking forward the issues raised to ensure the concerns of local firms are being heard at a national level too.

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Posted April 29th, 2013 by Ed