Sunderland Echo

Policies will not work

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Jeremy Corbyn, raised in a rural manor house, preaches peace yet supports some of the world’s most brutal dictators and has designs on becoming the Prime Minister of the UK with Mr McDonnell as his chancellor.

Mr Corbyn’s economics supports rent control, renational­ization of railways, water and energy supplies, the ramping up corporatio­n tax from 19 to 26% and increasing income tax for the so-called better off.

Popularist policies all, but what will be the consequenc­es for the hard working couple with a family who are trying to pay off their mortgage or struggling to get onto the property ladder?

Rent controls will hurt the poorest as investment falls reducing the quantity and quality of housing while house prices continue to rise.

Increasing the income tax rate on those earning more than £80,000 will encourage many of the 1.3million voters who already pay more than 40% of all income tax to leave the country, so reducing the tax base.

Increasing corporatio­n tax after Brexit will force yet more internatio­nal companies to leave our shores further reducing the tax base and increasing a presently very low unemployme­nt rate.

An increase in the national debt of more than £150billion or 10% of the national debt will follow the nationaliz­ation of utilities, transport and the Royal Mail.

“All property is theft” chant Momentum supporters, who will push for the seizure of private property– are our homes at risk – and will it drive away internatio­nal investment.

To avoid this cataclysmi­c collapse of our country’s prosperity we must band together to resist Mr Corbyn and his concept of economics and world politics. Bob Francis, Conservati­ve Councillor Fulwell ward

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