Your PC Candidate In Lunenburg West

Rural Economy in Reverse

Apr 29 2013NS economy flatlines in 2012

HALIFAX, NS – Progressive Conservative leader Jamie Baillie says kick-starting Nova Scotia’s struggling economy must be the top priority of Premier Darrell Dexter at the meeting of Atlantic Premiers today.

“The Dexter NDP has driven our rural communities into recession and our economy is dangerously weak,” said Baillie. “The old way of expensive taxpayer-funded bailouts is not working.”

Alarming new information released from Statistics Canada on Friday shows Nova Scotia’s GDP in 2012 was flat at 0.2 per cent, following a meager 0.6 per cent growth in 2011. In February, the Conference Board of Canada estimated that Halifax’s economy grew by 1.4 per cent in 2012, which implies the rest of Nova Scotia is in recession.

Baillie says it’s time to replace the NDP’s $200 million JobsHere scheme with a plan that can truly turn the economy around.

“It’s time for new ideas and fresh thinking to get our economy growing,” said Baillie. “It’s time to replace wasteful government spending with lower taxes, like the HST, so families can start to get ahead again.”

Total weekly income information released by Statistic Canada last week shows Nova Scotians are experiencing “income erosion”. Total weekly incomes shrank by 0.6 per cent in the last four years, while the cost of inflation on everyday items skyrocketed 10.7 per cent.

Baillie says the best way to pay for services we cherish, like healthcare and education, is with a growing economy.

“Neither the NDP nor the Liberals have a plan to create a modern economy or put money back in people’s pockets,” said Baillie. “We need bold new leadership to truly change direction in our province.”

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