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Who do you trust with your money?

PUBLISHED: 12:05 01 April 2010 | UPDATED: 17:45 25 August 2010

WITH the budget now unveiled, the Times asked politicians campaigning for your vote what their party will do with your money.

WITH the budget now unveiled, the Times asked politicians campaigning for your vote what their party will do with your money.

Chancellor Alistair Darling's budget last Wednesday was perceived as highly political by pundits after he announced a series of sweeteners for key voter groups such as pensioners and entrepreneurs.

The Times asked politicians in the area what they see as the key differences in the economic policies put forward by the parties.

Conservative parliamentary candidate for Old Bexley and Sidcup, James Brokenshire, said the key difference between the Tories and the other two main parties was David Cameron's pledge to cut National Insurance contributions.

He added: "Our emphasis would be on dealing with the deficit earlier. £167 billion has been borrowed already this year. We would also ensure that tax rises are not put on those in the lowest income brackets."

Eltham MP and Labour backbencher Clive Efford said: "George Osborne's promise to cut the deficit faster than Labour and at the same time cut taxes means that the cuts in public expenditure will have to be even deeper and could tip us back into recession. You cannot spend the money twice.

"People working in the public sector know their jobs could go if the Tories win the next election.

"According to independent figures, 1.7 million fewer people have lost their jobs than predicted at the start of the global economic downturn.

"Fewer people have had their homes repossessed and fewer businesses have closed than during the home-grown Tory recessions of the 90s."

Liberal Democrat Parliamentary candidate for Old Bexley and Sidcup, Duncan Borrowman, said: "One of our key pledges is raising the threshold for income tax payments to £10,000. Not only will this help the worst off but it will help those on middle incomes too.

"The main thing is the need to get the economy moving again by getting banks to start lending again to small businesses. We need to get away from the boom and bust of the old days.

"The key pledge is actually a long-term pledge of scrapping tuition fees. Unfortunately, because of the state of the economy, we now have to say we will phase that pledge in over six years of coming into office.

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