United Progressive Party (UPP) leader Harold Lovell says the measures he announced last week to ease the cost of living for residents can work.
Prime Minister Gaston Browne says the UPP’s plans to reduce the fuel variation, lower the prices and the pump and slash corporate tax in half will collapse the economy.
The heads of three government departments have also warned against implementing the plans announced by the UPP.
But addressing a rally in Potters tonight, Lovell yet again defended the UPP’s economic policies saying they are “doable.”
The UPP leader said he has no apology for announcing the reduction of gasoline to $10 a gallon “because its going to benefit everybody.”
The government is predicting a $40 million drop in revenue if a UPP government reduces gas prices.
“That same money is going back into the economy” Lovell, a former finance minister said.
“It is not only going to bring relief, it is also an economic stimulus,” he added.
On the reduction of fuel vararion by 25 per cent Lovell said “we know it can be done.”
APUA says the measure will cripple its cash flow.
But Lovell told supporters that the reduction in fuel surcharge will make it easier for residents to pay their bill and in turn, this will improve APUA cash flow.
The fuel surcharge is a main determinant in the cost of electricity to consumers.
“How can it make sense to have the price so high that you have to be locking off people current,” he said.
“When we are elected, I give you a solemn assurance that it will be done,” the UPP leader insisted.
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