George Osborne should look to Stevenage, says Ed Balls

14:03 20 February 2012

Ed Balls and Stevenage Labour leader Sharon Taylor met employers at the centre.

Ed Balls and Stevenage Labour leader Sharon Taylor met employers at the centre.

Archant

Labour shadow chancellor Ed Balls was in Stevenage this morning praising a government-backed business centre as an example for promoting economic growth.

Mr Balls met employers at the Business and Technology Centre where 80 small and medium size businesses are based. The centre was set up with help from the East of England Regional Development Agency and Stevenage Borough Council.

Speaking to The Comet, he said the site was an example to George Osborne of how government intervention can help.

“The Labour council said we want to bring on the next generation of businesses with the regional development agency.

“This government abolished the agency. Each time I have met with local businesses in places like this that are part financed by the agency they think it is crazy to have abolished it. This is a model for business growth.

“Stevenage is hit by what’s happening across the UK. It had an 83 per cent rise in long-term youth unemployment in the last 10 months.

“The Conservatives are throwing their hands in the air – we have to redouble our efforts.”

Ahead of next month’s budget, Mr Balls recommended a one year VAT reduction as part of a package of measures to get the economy moving. This would be funded by extra borrowing.

“There would be more confidence about moving house. It would create jobs. Unless you are getting growth you can’t do it. Austerity on its own can be self-defeating. It’s not working – it’s going too far, too fast.

“I have a more balanced plan. Get a boost into the economy now.”

2 comments

  • Politicians act in a way we teach our children not to - he said she said. Why don't you just sell us your parties plans on their own merit rather than slating the opposition. Even in my line of work this is considered highly unprofessional. Ed Balls, balls to your talk on business growth. Talk is cheap. Sort out the council housing!! From single 20+ yr old working full time private renting one bed flat on own with no help from anyone except 25% off council tax... I must equate to 75% of two people then?!

    Report this comment

    Kelly

    Saturday, February 25, 2012

  • No mention, Mr Balls, that the council has added to the unemployment in Stevenage and hit council tenants with a rent increase much exceeding inflation.

    Report this comment

    patrick newman

    Tuesday, February 21, 2012

The views expressed in the above comments do not necessarily reflect the views of this site

More news stories

Flynn Pharma's in Stevenage.

Stevenage based pharmaceutical firm Flynn Pharma says it will appeal against a huge fine imposed by the The Competition and Markets Authority for hiking the price of epilepsy drugs.

12:09
Rebecca Kelly

An award-winning centre offering holistic treatments has launched a shop in Hitchin’s town centre.

Stephen McPartland

As Hertfordshire Local Enterprise Partnership waits for an announcement on government funds which could be used to revamp Stevenage railway station and begin the transformation of the town centre, Stevenage MP Stephen McPartland has claimed it does not have the backing of millions of pounds of private funds it has suggested.

11:34
Hitchin Band

Hitchin brass band has been busy throughout the year celebrating their 150th anniversary and are set to bring the year to an end with a joint concert, a new CD and some exciting news for the future.

Most read stories

HOT JOBS

Show Job Lists

Most commented stories

Digital Edition

Image
Read the The Comet e-edition E-edition

Newsletter Sign Up

Sign up to the following newsletters: