Home > Economy, Great Britain, Labour Party, POLITICS > Labour Party Leadership Crisis.

Labour Party Leadership Crisis.

We feel that what is wrong at the moment is government economic policy: we believe the policy of keeping the Bank of England basic interest rate high is seriously wrong. The basic interest rate must be reduced substantially in order to encourage growth. Inflation is not a serious issue, the current inflation is caused by external factors not domestic.

Many people on mortgages may lose their homes we cannot allow this to continue; it is no good lecturing the world to “make poverty history” when in our own country we encourage poverty and we fail to deal with it. We need to also cease imposing a wage freeze on the public sector, the low paid are often found working in the public sector and  we should act to improve their wages. We don’t really care who the leader of the Labour Party is, what really matters is our economic policy which is a complete and utter failure.

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