THE Labour leader, Ed Miliband, is starting to sound like a scratched record with his endless repetitions of ‘the cost of living crisis’.
The fact is that some of Labour’s policies are responsible for the financial hardship felt by families.
Firstly, Labour thought it was a good idea to deregulate the banks. The resultant banking crisis cost each and every family in the UK the princely sum of £40,000 to bail out the banks via their taxes according to the Audit Office.
The gaffe-prone Ed Miliband recently wiped £500m off taxpayer-owned banks with his promise to break up the banks.
When the inept Ed Miliband tried to win over the electorate by freezing utility bills, the investor-led energy market responded immediately by raising fuel bills. This rise could not have helped hard-pressed families.
Recently Ed Miliband trumpeted a policy to reverse the 10p tax rate. This unfair tax rate was a policy he had once endorsed in 2007. So he now has reversed his own economic policy.
One might fairly conclude that the Labour leader may not be a wise choice for our economic security.
SUSAN THOMAS
Magdalen Road
Oxford
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel