or
Philip Hammond has stressed the rise in bankruptcies is the “price of Gordon Brown’s Age of Irresponsibility”.
The latest bankruptcy figures from the Ministry of Justice show that the number of people facing bankruptcy rose by 7% in the third quarter of the year compared to the same period a year ago.
Meanwhile, the number of 'winding up petitions' from businesses rose by 13% compared with last year.
Philip, the Shadow Chief Secretary to the Treasury, said, “Now the debt bubble has burst, thousands of businesses and individuals are finding they can no longer make ends meet.”
And he called on the Government to implement our proposals for reforming company insolvency law, capping excessive storecard interest rates, and setting up an independent national financial advice service.
Philip is Shadow Chief Secretary to the Treasury. He believes strongly that the first responsibility of Government is to promote economic stability.
To see the video player you need to have javascript enabled and the latest version of Flash. Get Adobe Flash Player here.
They say if you repeat a lie enough, people will start to believe it. Gordon Brown is banking on you believing that he won't cut public spending. Don't let him take you for a fool.
To see the video scrollers you need to have javascript enabled and the latest version of Flash. Get Adobe Flash Player here.
Shadow Chancellor, George Osborne and Shadow Cabinet Office Minister, Francis Maude, launched a consultation on a series of proposals, entitled It's Your Money, designed to create a new culture of financial discipline across Government.
Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 30 Millbank, London, SW1P 4DP