Why the Coalition is Needed for Britain
Posted on Monday 25th April 2011 00:00 by Keith
Why the coalition is needed for Britain
Labour's legacy has left Britain needing to borrow an extra £400million, every single day, just to get by. We are paying £120million in interest on our debt each and every day - this could build a new primary school every hour.
Lichfield District’s share of the country’s debt now stands at a dangerous £3.5 billion and something needs to be done.
Other countries like Greece, Ireland and Portugal have recently found that once lenders lose confidence they get drastic cuts imposed from outside - left longer things only get worse!
The coalition government plans are to gradually slow down the rate of EXTRA borrowing to bringing the budget into balance over the next 4 years.
It might have been easier for Liberal Democrats to stand aside and just criticise from the sidelines - but would it have been better - or responsible?
Thanks to the Liberal Democrats extra measures in the Budget have been brought in to ease the burden for people on lower and middle incomes. In Lichfield District the recent ‘Budget’ meant that:
- 44,000 residents are getting a £200 tax cut - helping 23 million people over the country
- 900 extra Lichfield people lifted out of paying income tax altogether
- 24,300 Lichfield Pensioners have been given an extra £4.50 per week