Labour's economic mismanagement has cost us dear. Here's why:
- Gordon Brown didn't fix the roof while the Sun was shining. After 15 years of expansion, the public finances are as bad as the 1970s.
- Labour's massive house price bubble is now bursting. Over 100% lending on over three times (or greater) earnings was asking for trouble. What were they thinking?!
- Unemployment predicted to hit 3 million So many families will lose homes they've worked so hard for.
- Tax up £10,000 a year per household Council Tax has doubled. Where does it all go? We certainly don't get our fair share!
- Locally hundreds of jobs are being lost because of the failures of the financial institutions in the City and the failure of Gordon Brown to regulate.
Be Better off with Nick de Bois and the Conservative's plan to rebuild our economy locally and nationally. Nick's vision:
- Tough times need tough decisions The priority has to be paying back Gordon Brown's extreme borrowing ahead of tax cuts.
- Care and compassion With measures to help the unemployed find jobs and hard pressed home owners weather Labour's downturn.
- Economic recovery plan to tackle long term worklessness, with stronger schools and vocational skills, making Britain more competitive for businesses.
- Lower taxes when the economy grows again, growth will allow taxes to be reduced while investing in public services.
- Sell the location and skilled work base advantages that we have in Enfield to propspective employers and get more business to move in locally and support the excellent regeneration plans of Conservative led Council.
The Conservatives will:
Restore stability to the British economy and responsibility to our public finances. Unfortunately, Brown's economic mismanagement means we can’t offer big upfront net tax cuts like some other countries.
But we can still help families and businesses right now.
- We will freeze council tax for two years by reducing wasteful spending on advertising and consultancy in central government
- We will introduce a £50bn National Loan Guarantee Scheme to underwrite
bank lending to businesses and get credit flowing again - We will provide tax cuts for new jobs with a £2.6bn package of tax breaks to get people into work, funded by money that would otherwise go on unemployment benefit
- We will cut the main rate of corporation tax to 25p and the small companies' rate to 20p, paid for by scrapping complex reliefs and allowances
- We will give small and medium-sized businesses a six-month VAT holiday, funded by a 7.5% interest rate on delayed payments
- We will cut National Insurance by 1% for six months for firms with fewer than five employees, paid for from the above changes to the company tax regime
- We will abolish Stamp Duty for nine out of ten first-time buyers and raise the Inheritance Tax threshold to £1 million. Both of these changes will be funded by a flat-rate charge on non-domiciles.
To repair the broken economy in the long run, we need economic responsibility. That means:
- A responsible fiscal policy, bolstered by independent oversight.
- A responsible financial policy, bolstered by a renewed role for the Bank of England
- A responsible attitude to economic development that fosters more balanced economic growth
It is only the Conservatives that are offering real economic change

