Tuesday, October 14, 2008

Now the banks are bailed out, what about the people?

The Liberal Democrats today called for Government action to shift from bailing out banks towards helping people struggling as a result of the financial crisis.

Liberal Democrat Leader Nick Clegg and Liberal Democrat Shadow Chancellor Vince Cable set out proposals to assist families by avoiding repossessions, tackling the social housing backlog and lowering bills through competitive energy prices.

Nick Clegg said:

"Families are facing a difficult winter. Rising mortgage bills, the fear of unemployment and high heating costs mean that the shockwaves of the financial crisis are felt in households across Britain.

"When the banks were in trouble, they got rescued. Millions of families who are about to find themselves in trouble must be helped too."
Post a Comment