This month the Prime Minister, David Cameron, reaffirmed the government’s ongoing commitment to the eastern region.
On a visit across East Anglia, stopping to see some of the regions important infrastructure projects, including the final piece of the A11 Dual carriage way at Eleveden in Suffolk. David Cameron confirmed some £2 billion pounds was being spent across East Anglia.
More money is being spent on transport projects across our region than anywhere else in the country except for London and the South East.
Some £1.5 billion will be spent on upgrading the A14, vital to many Suffolk businesses especially those based on the Eye Airfield Industrial estate. It is our gateway to Europe and the rest of the UK. The Prime Minister also recognised the need to improve our rail services.
Last year the Chancellor George Osborne set up a rail task force to look at the details of how to improve the main line between Norwich, Diss, Ipswich and London.
The news this week from the International Monetary Fund (IMF) is good for the UK and for Suffolk. The IMF have upgraded its growth forecast for the UK, up from a projected 1.9 per cent to 2.4 per cent.
Although world economic growth is projected to increase the UK upgrade is significantly stronger. This means our economic outlook has improved by more than other nation including Russia, Brazil and Italy.
The UK will be the strongest economy in Europe performing better than most major European countries like France and Spain.
I have recently visited several companies in my constituency including Permastore and BLT Circuit Services based in Eye, many of these companies have been expanding across Europe, especially in the old Eastern Bloc countries and have seen sales and opportunities increase.
Other recent indicators are showing that the UK economy is recovering. In December retail sales grew at the fastest annual rate in almost a decade and our own office for national statistics is expected to announce next week that the UK economy grew by nearly two per cent last year, this is the strongest performance since 2007.