Protecting Your Savings
Sunday, October 5th, 2008
A lot of local people have been talking to me about the uncertain economic climate and the troubles in the banking sector which have seen the nationalisations of Northern Rock and the Bradford & Bingley.
The Labour government is taking decisive action to protect the deposits of ordinary account-holders. The decision to raise the guarantee for bank savings from £35,000 to £50,000 will hopefully reassure depositors in Streatham, Balham, Brixton, Clapham and Tulse Hill, that the government will not allow the recent problems in the banking sector to jeopardise your savings. Prime Minister Gordon Brown promised to do “whatever is necessary” to stabilise banking and protect ordinary account-holders in these difficult times.
This weekend, the Prime Minister is meeting with other European leaders at a summit in Paris to address the current economic problems, hoping to agree new banking rules which will tackle the underlying causes of the current problems in the financial sector. I will keep local people up to date with further measures the government announces which will help them (I am pictured talking to a local resident outside the Lambeth Savings & Credit Union on Brixton Hill).


A noticeable rise in the number of prostitutes working in the Tulse Hill and Brixton Hill areas has followed the disbandment of Brixton Police’s dedicated Vice-Squad. I am very concerned about this and residents are questioning what the Police and the Council are doing about it.

Former South African President and freedom fighter, Nelson Mandela, is 90 years old today. The man needs no introduction whatsoever. In my view he is one of the greatest living men alive today. He provides an example to anyone wanting to get involved in politics, who is keen to make positive change and improve the lives of those in their community.

I am a huge fan of the arts in general and made no secret of that fact during my campaign to become Labour’s parliamentary candidate in Streatham. Not only do I enjoy the arts myself but I also think they provide a fantastic outlet for the boundless energy of our young people in need of things to do outside of school time.
As the residents of Josephine Avenue put it: