Some facts to consider about the economy

These are difficult times for people across Britain, but this week has shown that this can also be an opportunity to reshape Britain into a fairer, more equal and greener country.
Labour’s financial legacy has left Britain needing to borrow an extra £400million, every single day, just to get by. Labour also left us paying £120million in interest on our debt each and every day – for that we could build a new primary school every hour. 
Sefton’s share of the country’s debt now stands at a dangerous £9.47billion and something needs to be done. 
But despite all this, Liberal Democrat policies coming into action this week are making a positive difference to people’s lives.
Over the last seven days in Sefton, thanks to Liberal Democrats:
  • 95000 people are getting a £200 income tax cut – benefiting 23 million people across the country
  • 4400 people have been lifted out of paying income tax altogether, with more to come
  • £625million extra has gone to our schools, aimed at the most disadvantaged pupils – rising to £2.5billion a year by 2015
  • 66000 pensioners have been given an extra £4.50 a week – and those retiring from today will be on average £15,000 better off over their retirement.
Liberal Democrats in government will not stop there.
This week also saw Pensions Minister Steve Webb announcing that the Government will be introducing a simple, flat-rate state pension of £140 to replace the current complicated, unfair and means-tested system.
Business Secretary Vince Cable is cutting regulation to promote small business and create jobs.
Energy and Climate Change Secretary, Chris Huhne revealed that Britain will be hosting the 2012 Clean Energy Summit – putting Britain at the heart of the Green Energy Revolution.
The Liberal Democrats have entered government at one of the most challenging times for the country. We did not choose the moment but we have not shrunk from our responsibility to act in the national interest. We will not miss the opportunity we have to build a greener, fairer and more liberal Britain. 
I can’t claim that these are my words, although I agree with them, so who wrote them?

One thought on “Some facts to consider about the economy

  1. toffee man says:

    Very laudable figures Cllr but you fail to mention the the rise in VAT that will see the average family pay an extra £430 a year.

    Mums due to give birth from mid-April onwards will be £1,035 worse off because of the freeze on Child Benefit and the abolition of the Child Trust Fund, Health in Pregnancy Grant and the baby element of Child Tax Credit.

    Lower income families expecting a second or subsequent baby will be even worse off as the Government has also abolished the £500 Sure Start Maternity Grant for these families.

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