Archive for January 13th, 2009

Labour’s Debt Crisis

I’ve been thumbing through the excellent report that Shadow Chancellor George Osborne has released on Labour’s Debt Crisis. It’s a frightening and compelling read and you can download it for yourself here. Launching the report, the Shadow Chancellor said:

“Britain’s debt burden will not be paid off by unspecified people at an unspecified date. It will be paid by us and by our children. It means families will have to work longer. It means, if Labour get their way, we will all pay higher taxes”

He is absolutely right, and Labour’s debt mountain is in stark contrast to the common-sense measures that Osborne and his Conservative team have put forward to help local residents through the recession.