Post one year in - 12/05/11
Posted by Jacob Rees-Mogg, MP for North East Somerset, at 17:36, Thu 12 May 2011:
Although a week is a long time in politics a year is a short one and the first year of the Coalition Government has passed quickly with much work having been done.
The priority has been to bring Government spending and the deficit under control. After years of living high on the hog an adjustment had to be made urgently. This has been done in a serious manner through a mix of spending and tax cuts that will secure the nation’s long term economic success. The financial markets who are the arbiters of such matters have shown their confidence by keeping long term interest rates low and the pound stable.
Government is about more than putting right past errors. It is also about policies that improve the country’s future. In two crucial areas the Coalition has taken positive steps that will improve education and reduce welfare dependency. Michael Gove has been able to secure more academies in one year than Labour achieved in its whole period of office. Iain Duncan Smith has re-written the welfare rules to ensure that work will pay and this could bring millions back into economic activity.
There is much still to be done, reform of the health service is delayed as the Conservatives are determined to take no risk with so prized a national asset. Nonetheless, the tone of the administration is one that inspires confidence. It is measured and serious, focused in a businesslike fashion on recovering from the woeful mismanagement of Labour. It will take time but it is already beginning to succeed.