Overcast

Overcast

max temp: 13°C

min temp: 8°C

ESTD 1874 Search

Ipswich: Chancellor hails recovery in manufacturing during visit to Ransomes

17:11 25 April 2014

Chancellor of the Exchequer George Osborne visits Ransomes Jacobsen in Ipswich with Ben Gummer.

Chancellor of the Exchequer George Osborne visits Ransomes Jacobsen in Ipswich with Ben Gummer.

Archant

Chancellor of the Exchequer George Osborne visited one of Suffolk’s oldest manufacturing companies to press home the message that the economy was on the road to recovery during a visit to the region.

shares

He was given a tour of Ransomes in Ipswich to see how the company that began life making agricultural equipment for local farmers had grown into a supplier of grass care equipment for golf courses and parks across the world.

Mr Osborne said the improvement in the economy generally – and especially in manufacturing industries – was helping to “rebalance” the economy generally.

But he acknowledged there was some way to go in other sectors of the economy before everyone was feeling better off following the recession.

He was accompanied by Ipswich MP Ben Gummer during his visit to Ransomes.

Mr Osborne said: “Ben wanted me to come here to see how a long-established company was developing despite the problems that were faced several years ago.

“Ransomes is a real success story – it is the kind of manufacturing business that is helping to bring the country out of recession.”

Mr Osborne understood that Ransomes was now a smaller company, in terms of factory space and employees, than it was in earlier generations.

However he said manufacturing had a vital role to play in bringing the economy out of recession.

“We are seeing a recovery in this sector, and there is also growth in the service sector. I hope that there will also be benefits improving for public servants – but people understand that we have to sort out the public finances.

“It is important that the economy is rebalanced, so we do not put over-reliance on the City of London that we saw from the last Labour government,” he added.

Mr Osborne also said it was vital that the government should invest in infrastructure: “I’ve had Ben banging at my door telling me that we had to improve the rail network and we are seeing that starting to come through.

“We are getting better carriages. I shall be seeing the carriages that need to be improved on my way back to London this afternoon.

“And Ben and his Suffolk colleagues also made the case that the A14 has to be improved and that there should be no additional cost to road users and that is now firmly in the government’s programme.”

shares

2 comments

  • It doesn't look as if Osborne has ever used a drill before. I wonder if he visited the Waterfront? Or the town centre which is so vibrant.

    Report this comment

    BigGeoff

    Saturday, April 26, 2014

  • makes me laugh how the safety glasses appear when the nobs come calling.

    Report this comment

    TERENCE MANNING

    Saturday, April 26, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Ipswich and Norwich fans gather outside Portman Road.

7,500 tickets have been sold by the club already today, on the first day of general sale.

Golden Eagle

Police were appealing for any sightings of the large bird of prey, that escaped from a private premises near Capel St Mary.

Robert Gurling

Detectives today made a direct appeal for the man who has gone missing with his three-year-old son to hand himself in and make contact with police.

Stowmarket High Street

Representatives of a group serving a Suffolk town believe approved plans to build a 29 hectare business site on the edge of the town will address the imbalance of jobs and homes in the community.

Tractor Boy visiting various places in Suffolk and Norwich before the playoffs. Carrow Road.

Town’s biggest supporter makes his triumphant return ahead of the East Anglian derby and has already been spotted drumming up support in the town centre and invading Carrow Road.

Aerial shot of Bury St Edmunds - St Edmundsbury Cathedral and Angel Hill.

Which of Suffolk’s parliamentary candidates likes a dry white wine? Which one is a Queen fan? Who plays the violin? And who is the archaeologist?

Stowmarket High Street

A Suffolk town’s high street is performing better than ever, according to a new report.

Abellio Greater Anglia

Someone was struck by a train in the Harold Wood area this morning.

Will Ipswich be going to Wembley?

Will it be mind over matter as Ipswich Town take on Norwich City in the first leg of the play-off semi final this weekend?

Queue for Play off tickets home leg at Ipswich

Tickets for the home leg of the most important Ipswich-Norwich derby in decades went on general sale today.

Most read

Most commented

Topic pages