Unemployment on the Isle has reduced by over 40 per cent since April last year, newly released figures have revealed.
The new figures were welcomed by Isle MP Andrew Percy who said that the upturn means more people have the financial security of a regular pay packet, and are better able to provide for their families now and in the future.
Employment in Yorkshire and the Humber has increased by 133,000 over the past four years, and Isle residents have recently benefited from new jobs created by the expansion of small and family businesses, he added.
The MP said: “It is very good news that more people are now in work on the Isle since the election. That means more hardworking people with a regular pay packet to bring home to their families and a more financially secure future.”
He continued: “On the Isle there are now fewer people on benefits than there were last year, with local people benefiting from the jobs created by local small businesses - the backbone of our economy.
“There is further to go, but these figures show that the long-term economic plan is working. We need to stick to the plan. It’s getting people off benefits and into work, delivering a more secure future for Isle residents who want to work hard and get on in life.”
Andrew Percy has also applauded the property market’s Help to Buy schemes recently, with figures showing that it has helped 167 families in North Lincolnshire and the East Riding to get an affordable mortgage and buy their own home.
A total 108 families have been able to purchase their council house since Right to Buy discounts that are available to tenants were increased as part of a long-term economic plan, he said. “And 640 new homes are under construction locally.”