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Opposition calls on Sinckler to step down

The Opposition spokesman on finance is giving Minister of Finance Chris Sinckler a failing grade for his handling of the economy and has called on him to demit his post.

Clyde Mascoll charged today that Sinckler is clearly “incapable” of doing the job.

His comments came on the heels of yesterday’s media conference at which Sinckler told reporters he did not “walk around” considering if he should leave office or not.

Speaking at a media conference at the Office of the Leader of the Opposition this afternoon, Mascoll said the Minister had been given more than enough time to get it right, yet he was still struggling.

Clyde Mascoll

Clyde Mascoll

“The Minister of Finance needs to be taken out of his misery. He is simply incapable of handing this task that is before Barbados,” he said.

“Initially he was given an opportunity to prove his worth. He has had over four years and he has failed miserably and the real thing for him to do is to agree with himself that the skills that are required to get the job done are absent.”

Turning his attention to the announcement by Sinckler that there would be some “broadening of the tax bases”, Mascoll said Barbadians were already overtaxed and any more taxation would only further sink the economy.

“The evidence is clear that there is no economic recovery so far for the year. So further taxation would be madness,” he charged.

Mascoll suggested that while the national debt could not be reduced in the foreseeable future it could be controlled, adding that instead of taxing the population, Government should start investing in infrastructure and other areas.

He also suggested that the Freundel Stuart administration should control its borrowing in order to inspire economic growth and the Central Bank should stop buying treasury bills as this was also adding to the national debt.

At the same time, he cautioned that as Government sought to cut its current account expenditure there would be job losses.

Mascoll further stated that the unemployment rate would rise “in the foreseeable future” and the cost of living would increase in the face of new tax proposals.

“The country’s economic and social misery index will therefore continue to rise,” he said.

He further argued that the International Monetary Fund’s suggestions regarding a tax reform would “compromise the economy even more” by going after more revenue while stifling economic growth.

“It will mean that Barbadians will be called upon to pay higher taxes. There will be certain conditions in the VAT that will be removed, which will contribute to higher cost of living. It will also mean that our manufacturing plant and other sectors that we are trying to resuscitate will now be pushed even further back because of the requirements that are contained in those measures,” Mascoll said.

He argued that the IMF’s suggestions were simply a way to extract more revenue, and not to strategically make Barbados’ tax system more efficient and effective.


10 Responses to Opposition calls on Sinckler to step down

  1. Nicksie No Regrets Clarke
    Nicksie No Regrets Clarke October 29, 2014 at 1:35 am

    Plz step down.. Off a sidewalk…right into oncoming speeding traffic..

  2. Fay Bedroppinemlikeadime Ann
    Fay Bedroppinemlikeadime Ann October 29, 2014 at 3:19 am

    Nicksie No Regrets Clarke 😛 bwhahahahahahahahAa

  3. Sharon Woolley
    Sharon Woolley October 29, 2014 at 4:17 am

    I think most of Barbados wants him out, not just the opposition !

  4. Arther Lashley October 29, 2014 at 6:56 am

    Lets face it.

    WHAT of this ragbag of miscreants ,who have Barbados at their mercy,have ANY aptitude for anything otherwise than that which they are presently doing.



    HOW you STOP a HUNGRY PIG from EATING???

  5. Sheldine Dyall
    Sheldine Dyall October 29, 2014 at 8:52 am

    This man is a jokers to finance.

  6. Nita Holligan
    Nita Holligan October 29, 2014 at 10:08 am

    What’s taking him so long.

  7. Carolyn Robertson
    Carolyn Robertson October 29, 2014 at 10:13 am

    Show the people what to do and I guess their will follow talking will not get the rid of him action will

  8. Rickie Nurse October 29, 2014 at 10:59 am

    My oh my Arthur Lashley, that was harsh, butttt fitting…lol. Note carefully that in the face of all the criticism of Chris Sinckler’s management of the country’s economic affairs, his only rebuttals are usually to those who criticize him and never to the issues.

    I will be a bit lenient on him, just step aside Chris and let some one who knows how to do the job effectively do so.

    All that’s required of you is, just sit in class, pay attention when lessons on economics are being taught and if you have the capacity, at lease try to take in the more crucial points for future reference. I just hope it’s not in your life time.


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