8/7/2019 Newcastle Gateshead Tabloid Autumn 10 p2

http://slidepdf.com/reader/full/newcastle-gateshead-tabloid-autumn-10-p2 1/1

CommentWhat would you do

ith £120 million? agine you lived in ausehold in which your ome was £300 a week butery week you spent £400.

agine on top of that youed £40,000 on your creditrd. What would you do?

st people know they couldt go on spending like that!ey would get their ending under control andto live within their means.

bour left a legacy of debtthe Coalition Governmentt is on a mind-boggling

ale.

st year, Labour borrowed57 billion - a quarter of theney they spent. Our tional Debt is now2,400 for every person.

s a result, we now 

pend £120 million

very single day just 

n interest on the

ational Debt.nk of how many nurses,chers and doctors we

uld employ with that.

e Coalition has set out tokle the debt, get spendingder control and restoretain’s finances.

e cuts will be difficult buty will be fair. People who

e better off will pay more.

e are determined to clear 

the mess to ensure Britaina fairer and moreosperous country.

ving presided over thess, Labour try to blame

eryone but themselves. It’shame they won’t tell the

untry what they would do tort out the crisis. They says are needed but opposeery single one announcedfar. That’s no way to run country. No wonder tain got in such a messen they were in control.

Labour’s financial failings mean the

country is now having to fork out awhopping £120 million per day - just to

pay the interest on its debt.

For that money, the Government could

have taken 11 million people out of paying

Income Tax, doubled spending on education

or tripled the number of doctors in our

hospitals.

Deputy Prime Minister and Lib Dem

Leader Nick Clegg explained, “During its

thirteen years in power, Labour spent money

it did not have and made promises it knew it

EXPOSEDcould not keep.

“Last year alone, one pound in every fourthat Labour spent was borrowed.”

Now in government, the Lib Dems aretaking the action needed to get our economyback on track.

Newcastle City Council Leader DavidFaulkner added, “By cutting the deficit, wecan build a stronger economy - keepinginterest rates low and creating new jobs.

“If we had failed to deal with Labour’s debt,the future of the country would be at risk.The cuts being made now are Labour’s cuts.”

Labour’s £120 million-a-day debt

Labour Minister’s note to Coalition Government

“I’m afraid that there is no money left”

Sharing theburden fairly

Fiona Hall, Euro MP for Tyneside, looks at thCoalition’s plans to ensure the burden of cutand tax increases is shared fairly.

It will be a tough battle to get Government spendinunder control but ministers are determined to ensur

that the burden is spread fairly with the richest payin

the largest share.

To help make the books balance we are:

ending child benefit for higher rate taxpayers (w

were surprised Labour argued that millionnaire

should continue to receive it);

bringing in a levy on the banks so they can pa

towards the mess they helped create (Labour claime

it would not be possible to do this);

increasing capital gains tax on the most wealth

- a move that Labour refused to bring in when the

were in government;

 A fair chance for every child 

The Lib Dems in government are set to provide more money

to give every child in Britain a fair chance and to ensure

that no child is left behind.

2-years-olds to 20-years-olds will benefit from over £7billion which

will be spent giving disadvantaged children the fair start they

deserve in life.

The plans include more access to pre-school education for 2-years-

olds, more money to help poorer pupils in the areas where they

live and help to ensure every bright child has the opportunity to

go to University - regardless of their background.

Deputy Prime Minister and Lib Dem Leader Nick Clegg

explained, “Helping the most disadvantaged children in our

schools will mean help for all children. It will also help us build a

fairer society for everybody, with less crime and lower youth

unemployment.”

“Labour just threw money at every problem but made no real

difference - we need to change that. We need to make things better

for everyone.”

Deputy Prime Minister Nick Clegg has launched a plan to

ensure that additional support is provided for children from

disadvantaged areas to get the best start in life. ending tax privileges enjoyed

by the richest people on theirpensions.

The Coalition is also

determined to ensure that work

pays and that a life on benefits

is not acceptable. We are:

increasing the personal tax

allowance to £10,000 so that

you keep more of the moneyyou earn rather than have it taken out of your pa

packet by the Government. The first step to this wil

come in April when the allowance will rise by £1,000

taking 900,000 low paid people out of tax altogether;

reforming the benefit systemso that people are bette

off in work than on benefits;

raising the state pension at

least in line with earnings

(Labour promised to do this

but in 13 years in government did nothing).