Recession Recovery well underway in BC??

Ali Acton — Mon, 24 May 2010 20:23:31 +0000

The Recession has had many detrimental effects on British Columbians for the last few years and with the introduction of the HST many fear that the recession is more apparent than ever. Jim Sinclair President of the BC Federation of Labour states, “It’s the wrong tax, wrong time and for the wrong reasons.” He believes that “tax cuts haven’t worked in the past, leaving us with a legacy of closed schools, unfunded health care facilities and growing Unemployment.” About a month ago, an Anti-HST petition has also been created which is causing a lot of controversy between BC residents and indeed the Government, moreover since opponents reached 10% of registered voters in 56 ridings out of 85 already.

On the other side, a report in The Vancouver Sun has illustrated that “Recession is now history in BC” according to an increase of good business news. KPMG announced that “the host of the 2010 Winter games now offers the best business tax climate of 41 countries measured around the world.”

According to various surveys and reports there is evidence of an increase in business and a slight improvement in the economy however, this is insignificant news to the majority of households across BC who are finding it difficult to make ends meet.

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Recession Recovery well underway in BC??