Unemployment fell once again in Hampstead & Kilburn in the last month, reaching a new record low across our community: demonstating the success of the government's economic plan.
The number of local residents now needing to claim out-of-work benefits has fallen by 662 in the last year: 662 more people able to provide for themselves and their families. Since the 2010 election, the total figure on out-of-work benefits in Hampstead & Kilburn has fallen by 1,380: a reduction of almost a half, to the lowest level since records began.
This has been mirrored across both Camden and Brent. In Camden,the figure is also at its lowest level since records began in 1983, with 2,532 fewer people on out-of-work benefits than in 2010: a fall of 45%. The rise in employment has been even more impressive in Brent, with 2,000 fewer residents out of work than this time last year.
And this has been spread widely, with the number of local residents relying on out-of-work benefits falling by at least a quarter in all ten wards in Hampstead & Kilburn since 2010.
Since 2010, the government has had to make difficult decisions, but thanks to prudent control of finances, David Cameron and George Osborne have been able to take steps to help businesses create jobs: cutting income tax for 55,000 Hampstead & Kilburn residents, reducing the deficit to keep interest rates low, and reforming welfare to make sure that work always pays.