Monday, February 12, 2024

(February 12, 2024, St. John’s): – PC Party Leader Tony Wakeham (MHA, Stephenville – Port au Port) says the recent insolvency figures from the Superintendent of Bankruptcy Canada are daunting evidence of the significant financial hardship facing residents and businesses across Newfoundland and Labrador.

"Sadly, after eight years of Liberal governments, the latest insolvency figures should come as no surprise to anyone," said Wakeham. "At a time when our residents are struggling under a tremendous weight of high taxes and excessive red tape, people are left wondering what comes next."

The 2023 data, released on February 2, reveals an increase in insolvencies across the province, bringing stark attention to the urgent need for significant policy interventions to alleviate the cost of living crisis.

"The Liberal plan of higher taxes and fees has smothered our economy and eroded people's confidence of a prosperous future in Newfoundland and Labrador," added Wakeham. "The adverse effects of the carbon and sugar taxes could have been avoided, but instead, the Liberals decided to pour fuel onto the inflationary fire, exacerbating the financial pressures on families, youth, seniors, businesses, and communities."

"A PC government that I lead is committed to addressing the Liberal cost of living crisis by immediately reviewing all taxes and fees, eliminating the sugar tax, fighting their friend Trudeau on the carbon tax, and enhancing the Seniors' Benefit. Governing is about choices, and people deserve better."



Ashley Jackson-Politi
Media Relations Manager
(W) (709) 685-3161
(C) (709) 325-5200
[email protected]