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Phillips and the PNP have done all they can to make Jamaicans poorer - Shaw
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Transcript of Phillips and the PNP have done all they can to make Jamaicans poorer - Shaw
P R E S S R E L E A S EAugust 19, 2015For Immediate Release
Phillips and the PNP have done all they can to make Jamaicans
poorer - ShawOpposition Spokesman on Finance and Planning Audley
Shaw, today described a recent reported statement by Finance
Minister Dr Peter Phillips that "the government has done all it can
for poor people," as an insult to the poor, unemployed and working
class people of Jamaica.Mr Shaw said the fact is that under the PNP
Government over the past four years, more people are unemployed and
more people have fallen below the poverty line since the change of
government in 2011.Mr Shaw said the main reasons for this are the
savage devaluation of the exchange rate moving from J$86 to US$1.00
in 2011 to
J$117.50 to US$1.00 now, as well as its inability to attract
investments, grow the economy and create meaningful employment.He
said that the devaluation has caused sharp increases in the cost of
basic food and other necessities, while our incomes have been
frozen thereby causing our purchasing power to plunge by 40
percent.-30-
For further information please contact:
Audley Shaw, CD, MPOpposition Spokesman on Finance and Planning