Friday, 10 April 2015

Labour in government will simply spend, and tax more

Since 2010 we’ve made great progress as a country, with the economy growing, wages now rising, and our national debt as a share of GDP forecast to fall in the coming year. But Labour would put that economic stability – and the livelihoods of millions of people – at risk.
Official analysis by the Treasury of Labour’s policy shows that a future Labour government would:
  1. Mean the national debt as a share of GDP rising again in 2016-17
  2. Borrow over £130 billion more in just four years
  3. Pay over £5 billion more in debt interest payments alone
  4. Burden every taxpayer in Britain with over £4,000 more borrowing
As these figures show, you can’t trust Labour on the economy. They have no plan other than more spending, more borrowing and more debt. That would wreck the economic turnaround; hardworking taxpayers would pay the price with higher taxes and less financial security.