There’s a £58bn black hole in labour’s spending plans


There’s a £58bn black hole in labour’s spending plans

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He read out a list of demands, but what he didn’t tell you was how he was planning on paying for it. In the morning he said that LABOUR were planning for £17 billion worth of more spending,


but by the time he’d finished making his speech around lunchtime his shopping list had grown. The truth is that there’s a £58 billion black hole in Labour plans.  That’s a gap bigger than we


spend on defence every year.   It’s more than the core schools BUDGET.  It’s more than the total cost of paying every single doctor and nurse in the NHS for a whole year. And what would


that mean for families?  It’d mean an additional £2,000 tax bill for every family in the country.  It’s clear that Labour’s spending spree would have to be paid for, and it’s working


families in communities across Britain that would end up paying the price. Labour might make big promises, but they won’t deliver them.  The costs would just rack up and up, that means –


more debt, higher taxes, fewer jobs. They would end up punishing the businesses that create jobs, and make it easier for people to be on benefits than to work.  Next week, Philip Hammond


will set out a budget that will tackle the challenges that our country faces and build a Britain that is fit for the future. We will set out a balanced approach to our spending, in a way


that gets our national debt falling but also invests in vital public services, and gives businesses the support that they need to create better, higher paying jobs across the country. 


Whether it’s building the homes that our country needs, or improving the standards in our schools and colleges, we’re investing in the skills, industries and infrastructure of the future. By


delivering on all of this, we can create a country with a stronger economy and a fairer society, one that will guarantee a better future for the next generation.