Following Chancellor George Osborne’s Budget announcement today, Surrey County Council leader David Hodge said:
“Slow economic growth and a frosty reception on Twitter will likely be on the Chancellor’s mind today. Conveniently, the answer to at least one of his woes can be found in Surrey. Despite the UK growth forecast halving, the county’s economy has been growing fast, much like Mr Osborne’s number of Twitter followers.
“That is why the smart money would be on investing a big chunk of the £3bn earmarked for infrastructure in Surrey to further boost growth and the UK’s fightback. Infrastructure spending is vital to business growth, which is why we’re already putting £100m into overhauling our worst roads and opening a new £32m bridge over the River Thames at Walton. But more investment would further unleash Surrey’s potential and help speed up the recovery.
“The Chancellor’s Budget highlighted the aim of making the country the most attractive place to innovate, and in Surrey he has a shining example of how to go about this. The county’s success is down to its ability to adapt and change and next week we’ll announce plans to launch a trading arm to generate income to reinvest in services.
“The other key to success is investing in the future. That’s why we’ve just embarked on our biggest ever school expansion programme and recently announced we’re creating 500 apprenticeships next year.”