Lancashire TelegraphHyndburn MP's delight at living cost 'contract' (From Lancashire Telegraph)

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Hyndburn MP's delight at living cost 'contract'

Lancashire Telegraph: Hyndburn MP Graham Jones Hyndburn MP Graham Jones

HYNDBURN and Haslingden MP Graham Jones has spoken of his pride at the Labour party’s plans to tackle the rising cost of living.

Labour lead Ed Miliband yesterday launched the ‘Cost of Living Contract’, a set of measures that would be taken to ease the cost of living crisis, if Labour win power at next year’s general election.

They include freezing energy prices, building 200,000 new homes, introducing long-term predictable tenancies, cutting income tax and business rates, banning zero-hour contracts, and guaranteeing young people jobs and apprenticeships.

Mr Jones said: “I am proud that as part of the Cost of Living Contract, Ed Miliband has announced Labour’s plans to get to grips with the insecurity and naked profiteering which is all too common in the private rented housing sector.

“I have for a long time campaigned on this issue, and it is something which will only grow in importance in the future as more and more of the UK’s housing stock ends up in the rented sector.”

He continued: “Longer-term rental contracts, with predictable indexed rent increases will mean greater security for renters, more power in the hands of the tenants and an end to yearly rip-off rent increases.

“This is real action that would help my constituents directly and I am proud that Labour sees the real problems that this country is facing.”

Comments (7)

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5:58pm Sun 4 May 14

ConcernedOssy says...

As the Beatles once said " YEH,YEH,YEH.
As the Beatles once said " YEH,YEH,YEH. ConcernedOssy
  • Score: 12

7:40pm Sun 4 May 14

ConcernedOssy says...

ConcernedOssy wrote:
As the Beatles once said " YEH,YEH,YEH.
Haven't we heard all these pie in the sky statements before !! Usually around election times !!!
[quote][p][bold]ConcernedOssy[/bold] wrote: As the Beatles once said " YEH,YEH,YEH.[/p][/quote]Haven't we heard all these pie in the sky statements before !! Usually around election times !!! ConcernedOssy
  • Score: 11

3:18pm Mon 5 May 14

Loving lances says...

Will he ask the Co-op to cut its prices by ending its subsidies to Labour MPs?
Will he ask the Co-op to cut its prices by ending its subsidies to Labour MPs? Loving lances
  • Score: 2

5:41pm Mon 5 May 14

wilddog says...

who pays for all this then?
who pays for all this then? wilddog
  • Score: 5

8:09am Tue 6 May 14

pdb951 says...

wilddog wrote:
who pays for all this then?
It all comes from cloud cuckoo land. Theres lots of money there. BE WARE Labour have learned nothing
[quote][p][bold]wilddog[/bold] wrote: who pays for all this then?[/p][/quote]It all comes from cloud cuckoo land. Theres lots of money there. BE WARE Labour have learned nothing pdb951
  • Score: 1

9:09am Tue 6 May 14

Kevin, Colne says...

Currently I’m very confused.

Senior policy makers, some economic commentators and certain segments of the MSM have proclaimed the end to the cost of living crisis. It seems to me that any easing of pressure on the costs of living has occurred largely by fortuitous circumstances that are beyond the control of policy makers. Whether these represent an inflection point and thus a new trend or are simply a short-term respite while the upward trend remains in place is exceedingly hard to judge. In any case I would expect many employers to use the lower rate of inflation as a means of containing the rate of any pay rises in future.

At the start of the financial crisis a few commentators, mostly outside the MSM, suggested that the outcome would be a substantial reordering of wealth and income; and this has indeed come to pass. It is a great shame that most of the MSM either ignored these commentators entirely, or gave them cursory exposure only.

The last five years has seen severe damage to the purchasing power of wages and to the returns available on cash savings. Mr and Mrs Hardworker and Uncle and Auntie MacCautious have been well and truly taken the cleaners. It would take an exceedingly prolonged period of above-inflation increases in rates of pay and positive real interest rates to repair the damage. If one accepts this proposition then one must ask: how likely is this? I think my answer would be: not very likely, as the key forces that have been driving wages and returns lower seem to still be locked firmly in place.
Currently I’m very confused. Senior policy makers, some economic commentators and certain segments of the MSM have proclaimed the end to the cost of living crisis. It seems to me that any easing of pressure on the costs of living has occurred largely by fortuitous circumstances that are beyond the control of policy makers. Whether these represent an inflection point and thus a new trend or are simply a short-term respite while the upward trend remains in place is exceedingly hard to judge. In any case I would expect many employers to use the lower rate of inflation as a means of containing the rate of any pay rises in future. At the start of the financial crisis a few commentators, mostly outside the MSM, suggested that the outcome would be a substantial reordering of wealth and income; and this has indeed come to pass. It is a great shame that most of the MSM either ignored these commentators entirely, or gave them cursory exposure only. The last five years has seen severe damage to the purchasing power of wages and to the returns available on cash savings. Mr and Mrs Hardworker and Uncle and Auntie MacCautious have been well and truly taken the cleaners. It would take an exceedingly prolonged period of above-inflation increases in rates of pay and positive real interest rates to repair the damage. If one accepts this proposition then one must ask: how likely is this? I think my answer would be: not very likely, as the key forces that have been driving wages and returns lower seem to still be locked firmly in place. Kevin, Colne
  • Score: 1

5:05pm Tue 6 May 14

Loving lances says...

Mr Jones hasn't mentioned the plans to control not just the cost of living but also the way we live. Clampdowns on eating, drinking and smoking. Will Labour voters like it??
Mr Jones hasn't mentioned the plans to control not just the cost of living but also the way we live. Clampdowns on eating, drinking and smoking. Will Labour voters like it?? Loving lances
  • Score: 1

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