Cut fares and so boost consumer spending

PUBLISHED : Sunday, 16 December, 2001, 12:00am
UPDATED : Sunday, 16 December, 2001, 12:00am

Given the economic problems that Hong Kong is suffering from, which have been exacerbated by the attacks of September 11, the Government should be trying to encourage consumer spending.

Because of the crisis, people are unwilling to spend money. They prefer to save what they have.

When it comes to economic policies the Government has got its priorities wrong.

It could cut the daily expenses of people by reducing electricity and gas charges, transport fares, and the charges levied on other essential services.

People would then have more money to spend and invest and this would help stimulate the economy.