UKIPHome Launches ‘Tory Tosser’ Site to Highlight the Real Causes of Debt

(PRWEB) November 27, 2006

UKIPHome, an unofficial support group of the UK Independence Party today launched a new internet site, ToryTosser.com, aimed to educate the public of the real causes of debt that it believes have been deliberately ignored by David Cameron and the Conservative Party’s ‘inner tosser’ campaign.

With the British public’s personal debt now exceeding 1.1 trillion pounds, UKIPHome could not understand why David Cameron was focussing on credit cards which make up less than a half of one percent of the total, when one single item, mortgages, exceeds 82% of the total.

“The British people are struggling under the weight of enormous mortgage payments caused by uncontrolled house price inflation which in addition to the overall high level of taxation and imposition of extra payments like university fees has left many with no option but to borrow more just to survive,” said Chad Noble of UKIPHome.

The ToryTosser.com site includes a video which includes the increasing number of newspapers headlines warning of the financial debt timebomb caused by spiralling house prices and seeks to show why the wealthy Cameron simply does not understand the worries of the average Briton because he has no personal experience of such problems.

“The Tory ‘inner tosser’ campaign which seeks to blame debt on excesses of individuals themselves is typical of a group that has no understanding of real life. For someone who has never had to worry where he will find the money to make the next mortgage payment to prevent his family losing their home to then blame us for being in debt is no surprise,” Noble continued. “I wonder if Mr Cameron considers the family who have been forced to put their weekly grocery bill on their credit card ‘inner tossers’ too?”

UKIPHome’s ToryTosser.com campaign does not just seek to criticise the Conservative Party for failing to comprehend the true nature of British debt and its causes, but also proposes solutions including the growing support to add house price rises to the inflation target managed by the Bank of England.

“Neither Labour nor the Tories have any solution to spiralling house prices despite that this is now preventing a whole new generation from buying their own home. Labour did promise an end to ‘boom and bust’ but as we saw in 2001 and 2002 house price inflation was allowed to spiral without any attempt to dampen the excessive ‘bubble’ growth.

“The answer is not to fuel more house price inflation with dangerous schemes of longer mortgage terms or shared mortgages, but to remove the excess ‘froth’ in house prices by bringing them down to their fair value.

“When 82% of personal debt relates to just one item, it is clear than this is the one area that the government should delegate responsibility to an independent body to keep its growth in check. What is the point of having ipods or other minor items in the inflation target but not the one item that is crippling the country?

“Governments have included mortgage payments in other measures but this is ineffective as comparing the actual payment amount is meaningless if you do not also compare the term of the mortgage.

“Real action is needed to combat the real causes of debt in Britain, but the action needed will have to be tough and therefore unpopular with many. Unfortunately David Cameron does not seem able to propose anything that does not appear popular and that is why we are left watching the Conservatives launch meaningless campaigns that completely fail to address the real causes of debt,” Noble said.

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