Paray says TT facing the worst cost of living crisis in our history

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Paray says TT facing the worst cost of living crisis in our history

Mayaro MP, Rushton Paray is predicting further disaster across the nation, in light of the proposed imposition of the most severe electricity rate increase ever.

Speaking at the UNC’s weekly Sunday media briefing, Paray said he fears a repeat of the 1980s, when the economy was sagging and people packed their bags and fled to other countries seeking refugee status.

Paray stated that at no time in the history of the region has there been a hike in electricity rates of up to 65 per cent for residential customers, and 128 per cent for commercial and industrial users.

He added that while government hopes this increase would create more revenue, he believes hundreds of thousands of people will not be able to see their way if this is implemented.

Paray said: “With the Government’s continued failure to outline a clear plan to deal with inflation as well as with the erosion of independent voices at the Central Bank, our nation is now facing the real and frightening prospect of the worst cost of living crisis in our history.”

He also pointed to the impending increases for the Water and Sewerage Authority (WASA), saying this will further hurt businesses, home-owners and renters.

According to Paray: “These rate increases are being imposed while TT is undergoing its worst economic and social crisis since the mid-1980s.”
“Sadly I fear history is about to repeat itself. Today, the economic disaster is equally grave, and the reason is similar – gross mishandling of the economy by the PNM regime.”