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Imagine what would have happened if we'd had a Conservative Government...

Imagine going to withdraw money from your bank account and finding none there; your salary not being paid; your debit card not working at the supermarket.  All of this could have happened if we’d had a Conservative government last year.

 

Gordon Brown stepping in to save the banks from meltdown has now universally been recognised as the right move.  Yet the Tories bitterly opposed the action; they would have let Northern Rock and Bradford and Bingly go to the wall, and left millions of families to sink or swim.

 

Labour recognises that reckless bankers should never again be in a position to gamble away our livelihoods:  That’s why we’re implementing the biggest shake-up of the banking sector in years and introducing the new Financial Services Bill. 

 

The new bill will impose tougher rules on the banking system, ensuring it remains transparent and accountable, and that it is the bankers themselves, not the taxpayer who take responsibility for their failures.  It will mean that Britain has the toughest rules on bonuses in the world.   

 

Labour has always made it a priority to tackle the recession in a fair way; making sure the most vulnerable don’t take the biggest hit.

  

The Tories don’t agree: George Osbourne has decided that tax credits should be taken away from middle income families and that £1000 in direct payments should be taken away from families earning over £16,040 with two children.  Instead he proposes a tax giveaway of £200,000 to the wealthiest estates in the country: we can clearly see where the Tories’ priorities lie.

  

I don't think it's fair that the Conservatives want to hit people on middle incomes in the pocket to help the richest people in Britain pay less tax. When it comes to running the economy the Conservatives are the change you can’t afford.  

 

Promoted by Ray Collins, General Secretary, the Labour Party, on behalf of the Labour Party, both at 39 Victoria Street, London, SW1H 0HA.
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