Rebuilding our broken economy

Gordon Brown said he'd abolished boom and bust, but he's given us the longest and deepest recession since records began.  He said we were the best-placed country to deal with the global downturn, but we're still in recession while our major competitors are in recovery.  He says only he can lead Britain to recovery, but his policies have failed and he has no serious plan for our economic future. 

We desperately need a change of direction.  A Conservative government will take three key steps to rebuild our broken economy:

·       First, we still face a financial crisis.  So we need to get banks lending again.  For nearly a year, we have been calling for a National Loan Guarantee Scheme to underwrite bank lending to businesses, to save businesses and protect jobs. Reetail banks should concentrate on rebuilding their balance sheets so they can start lending to businesses again.

·       Second, we face a debt crisis.  To restore investor confidence, we need a credible plan to get the £175 billion annual deficit under control.  That means taking the tough choices in public spending we have set out, such as a one-year public sector pay freeze except for the lowest paid.

·       Third, we face a jobs crisis.  So we need a plan for growth. We will abolish all tax on jobs created by new companies for two years; we will introduce a radical new programme for everyone who is unemployed so we can Get Britain Working again; and we will create a high-skill economy by building a new generation of technical schools, creating 100,000 new apprenticeships, and funding 10,000 extra university places.

Commenting Cllr Andy Morgan, Conservative Parlimentary Candidiate for Bolton South East said "Britain has the resources, people, ingenuity and ideas to get us out of recession.  We just need a government that will help, not stand in the way."