Labour has left Britain with the largest deficit in peacetime history. At the moment the National Debt Clock is currently at £938 billion and the Government forecasts that this will rise to £1.1 trillion by 2011.
The UK’s budget deficit this year will top 11% of GDP compared to the 6% deficit when the country went
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The budget was tough but fair, protecting lowest paid workers and families.  Nearly a million people will be lifted out of the tax system altogether and the lowest paid families are protected with an additional £150 per child in tax credits. It was an unavoidable budget given how much Labour had maxed out the National
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It must come as a comfort to the victims of Equitable Life’s mismanagement that at last a Government is taking them seriously and is drafting legislation to deal with their loss from the debacle.  For readers who are not aware of Equitable Life and its problems – in a nutshell, government regulators failed to stop
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Paul Maynard, Conservative MP for Blackpool North and Cleveleys today welcomes the decision of the Government to suspend Home Information Packs (HIPs).  From 21st May estate agents will no longer be required to have or provide copies of HIPs to buyers.  An outright ban will be introduced as soon as possible.
Commenting, Paul says “HIPs added
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At a speech in Blackpool today at the White Tower, George Osborne set out our plans for a revitalised tourism industry in the UK.
The tourism industry is worth £114 billion to the UK economy every year, employs some 8% of the workforce and is our 5th largest industry.  It supports 200,000 businesses. We know how
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Find out how Paul Maynard and the Conservatives will stand up for working people, with a comprehensive Work Programme to help people back in to work and 400,000 new apprenticeships for Britain’s young people, ensuring our economy is in fighting form for the new decade.

I was pleased to welcome George Osborne to Thornton-Cleveleys yesterday. He joined me to visit an excellent local firm, Addison Projects, who do precision engineering. They have a wide range of clients from the aerospace sector to Formula One cars and even Blackpool Pleasure Beach. Mr Osborne had a short presentation on the firm’s development
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So we are in a recession. Hardly a surprise. What was a surprise was the extent to which the economy shrank over the last 3 months  – 1.5% – the worst since 1980. The pound has fallen to a new low against the dollar, and the FTSE is back below 3,000. Gordon Brown is exuding
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So the Chancellor is going to start printing money again (though they now call it ‘quantative easing’). We have seen where this can lead before – hyper-inflation in Weimar Germany, in Hungary after World War One and in Zimbabwe now. It often leads to inflation, and it can reach the point where there is insufficient
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