British Columbians inch closer to insolvency under John Horgan and the NDP

PRINCE GEORGE (August 1, 2019) – BC Liberal Finance Co-Critic MLA Shirley Bond is calling on John Horgan and the NDP to reduce the tax burdens on British Columbians following a recent report that shows more people are struggling to make ends meet.

“Since forming government, John Horgan and the NDP have introduced 19 new or increased taxes in the middle of an affordability crisis,” said Bond. “Making British Columbians pay more fails to help them make ends meet and goes directly against John Horgan’s election promise to make life more affordable.”

The latest consumer debt index by MNP Ltd. suggests that 44 per cent of British Columbians are $200 or less away from insolvency at the end of each month, up from 39 per cent in March.

“British Columbians are inching closer to insolvency under the NDP while John Horgan continues to introduce half-baked policies and taxes that are making life unaffordable,” added Bond. “With housing starts down, investments slowing, and industries like forestry in crisis, our province is headed for an economic downturn.”

Consumer bankruptcies rose 11.9 per cent month-to-month in B.C. this past May according to the Office of the Superintendent of Bankruptcy. Meanwhile, six in ten people in the province rate their debt situation as bad.

“Hard-working British Columbians in every corner of this province are facing serious affordability concerns. They deserve a government that stands up for them,” concluded Bond. “If John Horgan doesn’t cut people a break from his tax-and-spend policies then he’ll be pushing countless families into an impossible financial situation. British Columbians deserve better.”

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