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Wednesday 25th July 2012 | 10:52
SNP Press Release
Commenting after the release of UK GDP figures by the ONS today (Wednesday) SNP Treasury spokesperson Stewart Hosie MP said the decrease in construction sector output underlined the real need for the Treasury to increase capital investment to boost employment.
Mr Hosie, a member of the Treasury Select Committee, said:
“We are all paying the price of the Chancellor’s austerity strategy, and the GDP figures are further evidence of why we now need an urgent change in direction by the Treasury.
“The decrease in construction sector output highlighted by the ONS shows the real need for capital investment in shovel ready projects, as has repeatedly been demanded by the Scottish Government, to keep the economy moving and keep people in work.
“Unfortunately, the UK Government is not listening - and that, once again, shows why Scotland needs to secure real economic powers.”