Voters worried about double dip recession (From Warrington Guardian)

Voters worried about double dip recession says Warrington Labour spokesman

8:47am Tuesday 1st May 2012 in News

SENIOR Labour spokesman Nick Bent says people on the doorstep are worried by the prospect of a double dip recession.

The bad news for the economy was revealed last Wednesday and Mr Bent, who is tipped to stand for the party in the next General Election says while campaigning for the upcoming local elections, it was a concern for voters.

The latest figures show there is a 200 per cent rise in youth unemployment in the town.

Mr Bent added: “David Mowat must take his share of the blame for voting for the disastrous and unfair Tory economic policies that have put Britain back into recession.”

But Mr Mowat said Labour's economic credibility was 'non-existent'.

"Their “solution” would lead to higher interest rates and cause misery for many young families who have just got onto the property ladder as mortgage repayments soar.

"Their five point plan for bankruptcy hasn’t been endorsed by a single respected financial institution.

"If their solution of endless borrowing worked, Greece would be leading Europe out of recession.

“The economic data shows that Warrington is not doing as bad as many other similar areas.

"A recent survey showed that we had the seventh highest employment rate and the seventh highest proportion of employment in the private sector.

"But we cannot afford an ounce of complacency, that’s why the Government has taken the lowest paid out of income tax, cut corporation tax and invested in infrastructure projects like the Northern Hub.

"Taken with the regeneration of Bridge Street, I believe that we can both grow our economy and deal with the massive debts that Labour left us with.”