Matty Jackman recently met with the Chancellor ahead of the Spring Budget.
This meeting provided an excellent platform for Matty to articulate the unique opportunities and challenges faced by Westmorland and Lonsdale.
With a keen focus on economic growth and development, the meeting addressed key areas that could benefit from increased investment and support.
Jackman expressed the urgency of attracting investments that would not only bolster the local economy but also create job opportunities for residents.
Matty said, "Westmorland and Lonsdale possess untapped potential, and we must channel the necessary resources to foster growth and prosperity."
Matty will continue to push to create an environment that encourages private sector involvement, infrastructure development, and job creation. Matty Jackman also asked everyone to reflect on the following:
- Halving Inflation: The Conservative Government has successfully fulfilled the commitment to reduce inflation by 50% by the end of 2023, effectively lowering it from 11.1% to 4.0%. This achievement paved the way for a tax cut of £450 per year for 27 million workers.
- Growing the Economy: Since 2010, the UK has seen the third highest rate of growth in the G7 and, although new figures show the economy grew in 2023, there is more to do. If we stick to the plan set out in the Autumn Statement we will continue to drive down inflation and strengthen the economy.
- Reducing Debt: Our plan to reduce debt is working, we are on track to get debt falling, meaning less money for your children and grandchildren to pay off. The independent Office for Budget Responsibility states we will meet our fiscal rule to have debt falling as a share of the economy. This is because we have taken the difficult but necessary choices with the public finances, providing long-term economic security and money for public services.
