At the beginning of her Marr interview Theresa May criticised Labour’s plans for spending and borrowing. She then went on to announce £12 billion of new spending on tuition fees and Help to Buy without saying how she would pay for it. This is dangerous unfunded Labour-lite stuff, fighting on Corbyn’s turf…
Labour First Minister of Wales Carwyn Jones says “there’s never been a better time to borrow“ £500 billion. Speaking on Sunday Politics Wales yesterday the most senior Labour figure in Wales said:
Presenter: “The Shadow Chancellor John McDonnell said £500bn more borrowing in order to give the economy a bit of a boost – you’d go along with that then would you?”
Carwyn Jones: “Yes I would. Let’s remember…”
Presenter: “£500bn extra borrowing?”
Carwyn Jones: “There’s never been a better time to borrow. It’s cheap.”
Quite a day: Communist-endorsed Labour arguing with themselves about Trident, but at least they agree on borrowing half a trillion pounds more…
Revised ONS data shows public sector net borrowing was £76 billion in the last financial year, £2 billion more than previously thought. Osborne had forecast £72.2 billion of borrowing for the last year and was reported to have missed his target by £1.8 billion back in April. Turns out he actually missed it by almost £4 billion…
