Labour’s plans to borrow more were today finally confirmed by the vice-chair of their General Election campaign.
In an interview on the BBC’s Sunday Politics, Lucy Powell admitted that Labour would STILL be borrowing by the end of the next Parliament.
This revelation backs up official analysis by the Treasury showing that Labour would borrow £138 billion more in four years.
Labour’s tax and spend policies also descended into further chaos after Ms Powell refused to spell out how Labour would fund the £30 billion of deficit reduction they have committed to:
- Asked four times, she refused to say which taxes Labour would raise
- She also dodged the question of what spending cuts Labour would make
This confirms what we’ve always known – that Labour will borrow more if Ed Miliband gets into Downing Street. And the fact that they’re refusing to admit which taxes they’d raise just adds to a recipe for total economic chaos.
Since 2010, we’ve reduced Britain’s deficit by a half as a share of GDP, so we can deal with our debts and secure our economy for the long term.
But Labour’s plans for more spending, more borrowing and more taxes would wreck the economy – and hardworking taxpayers would pay the price.
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People who create jobs were asked their views on Labour and the prospect of a Labour-SNP government. The verdict was clear.
On the prospect of a Labour government, propped up by the SNP:
- “A nightmare”
- “It would just stop everything.”
- “Dangerous for everyone even if it’s a deal-by-deal basis”
- “Destablising”
- “Not good for British business”
On Labour’s attitude to businesses:
- “Labour has a…stridently negative view of business”
- “A segment of the Labour party…has a major problem with business”
- “I don’t think [Ed Miliband] gets it”
On Labour’s plan to raise corporation tax:
- “(It) would undermine confidence.”
- “If corporation tax goes up, some of your marginal investment projects fall away”
- “(Could lead to) international business concluding that the UK was not ‘welcoming”
(Source: Survey of chairmen and chief executives of FTSE 100 companies in the Financial Times , 28 March 2015).
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With a future Conservative government, we would have a truly seven-day NHS. Watch this video to find out more - then SHARE it with friends.
To those who put the effort in, the hours in - who want to build a better life for their families: we are with you.
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The Conservatives have a strong team, and a clear plan to secure a better future for you and your family.
Watch David Cameron introduce our YouTube playlist, to keep up to date during the election campaign - and don't forget to SHARE the videos with friends.
Britain was the fastest-growing major economy in 2014, and is set to grow even faster this year. And since 2010, there are 1.9 million more people in work - giving more financial security to families across Britain.
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Asked whether the last Labour government spent too much, Ed Miliband's answer was clear: "NO". (The Battle For Number 10, Sky/Channel 4, 26/3/2015)
Labour wrecked the economy before, and they'd do it again. SHARE this graphic to let everyone know.
Since 2010, we've delivered 2.2 million new apprenticeships - helping young people get the best start in life.
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There are 1.9 million more people in work since 2010.
That’s 1.9 million more people with the security of a pay packet to provide for their families.
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With Labour facing wipeout in Scotland, a deal with the SNP is Ed Miliband's only route into power.
Alex Salmond has named his price to prop up the weak Labour leader - and hardworking taxpayers would pay with higher taxes, more debt and weaker defences.
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