Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
What's Cooking
More News
The Star
Financial Gleaner
Overseas News
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Careers
Library
Power 106FM
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

Will Shaw deliver? A solution to price hike
published: Thursday | April 10, 2008


Minister of Finance and the Public Service Audley Shaw enters Jamaica House in St Andrew yesterday afternoon for a final Cabinet meeting before he opens the Budget Debate 2008/2009 in Parliament today. - Rudolph Brown/Chief Photographer

IN TAXIS, on the buses, in the streets, everywhere, the cry is the same: Food prices are too high and the dollar cannot stretch.

It is a cry with which Audley Shaw is familiar. When the Jamaica Labour Party was in opposition, he would passionately take this cry to the hallowed chamber of Parliament to shame the government and offer a better alternative.

Shaw is now the finance minister and today he opens the Budget Debate at Gordon House. From all indications, he will be strolling to the crease with a scandal bat, but he has to be measured by his stroke play.

He has to tell the country how he plans to finance his $489.5 billion Budget. Also, the new finance minister will have to create a comfort zone for Jamaicans, who are experiencing massive increases in the cost of basic food.

Food prices have gone even farther skywards since 2006 when Shaw told the nation, in his contribution to the Budget debate in his capacity as opposition spokesman on finance, that it was "time to choose".

This is what he said then: "...While the prices of basic food continue to rise, traders are reporting a 10-15 per cent fall-off in business over last year, due to reduced purchasing power among the people whose disposable income is ravaged by wage freeze, higher fuel prices, escalating electricity costs, and the unavailability of cement."

Today, Shaw's 2006 lamentations will come from the other side of the aisle.

More Lead Stories



Print this Page

Letters to the Editor

Most Popular Stories






© Copyright 1997-2008 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner