Listen to Labour? You’re having a laugh (From Worcester News)

Listen to Labour? You’re having a laugh

3:25pm Friday 10th February 2012 in Read

SIR – The Labour parliamentary candidate for Worcester [Joy Squires] wants the coalition Government to listen to the Labour party (Worcester News, February 6).

Well, recently we’ve all had to listen to Labour leader Ed Miliband hypocritically sounding off against bankers’ bonuses – the very same bonuses he approved as a government minister.

He has also been opposing Network Rail managers’ bonuses.

But isn’t this an organisation which the last Labour government set the rules for too?

The IFS (Institute for Fiscal Studies) estimates that Gordon Brown as Chancellor and Prime Minister destroyed seven per cent of our national wealth by encouraging an unsustainable credit bubble which turned inevitably to bust.

Both Labour leader Miliband and Shadow Chancellor [Ed] Balls were part of Brown’s disastrous Treasury team. Why should we listen to them now?

The IFS also demonstrates that Labour would now be borrowing £200 billion more than the coalition.

Of course the trouble with borrowing money is that we must pay it back.

Our creditors would take one look at a government borrowing and spending more and charge us much higher interest rates.

UK interest rates and taxes would go up, with a devastating effect on homeowners as mortgage rates rose steeply.

Most people in this country think that the £26,000 welfare cap so that nobody gets more in benefits than the average working family is right.

Labour opposes this.

Thanks very much for your advice, Joy, but no thanks.

The last thing we need to do is listen to Labour.

FRANCIS LANKESTER
Worcester