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Lib Dems outline economic recovery plan

September 29, 2008

Nick Clegg and Vince Cable discuss proposals on the economy

Nick Clegg and Vince Cable discuss the cost of living

Gordon Brown’s proposals to deal with the economic slowdown are too little too late, say Hastings & Rye Liberal Democrats.

The Lib Dems have published their package of proposals designed to help people left struggling by the credit crunch. And the plans are being strongly backed by members in Hastings & Rye.

The Lib Dem measures include tax cuts for low and middle income households, stopping unnecessary repossessions, action to cut energy bills and moves to stop reckless banks jeopardising economic security.

Hastings & Rye parliamentary spokesperson, Nick Perry, said:

“Gordon Brown’s response to the economic crisis has been too little, too late.

“Here in Hastings & Rye and across Britain people are struggling with rising bills, rising prices, and wages that aren’t keeping up.

“If the Prime Minister really wants to help people on low and middle incomes he should take the simple and obvious step of cutting their taxes, releasing billions of pounds to boost the economy.

“The Liberal Democrats have consistently called for action to cut energy bills, to stop irresponsible behaviour by banks and to deliver more help for those threatened with repossession.

“If Gordon Brown had acted when we first raised these issues, we would not be in as deep a mess as we are.”

Key points of the Lib Dem Fairer Future Economic Recovery Plan:

• Put more money in people’s pockets – tax cuts for people on low and middle incomes
• Stop unnecessary home repossessions and provide more affordable housing
• Make energy companies reinvest their windfall profits in cutting bills
• Extra help for people in debt or who lose their jobs
• Tough new rules to limit the excesses of the City

[What is your view on the current crisis in the financial markets?]

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