Taxpayers Pay £1 Billion-a-Week UK Debt Interest

Liz Truss has kindly reminded Guido that the Treasury has other problems besides Brexit. The taxpayer is funding debt interest of over £1 billion-a-week, which is more than the budget for Scotland and Wales combined. Remember that when hear Scottish and Welsh MPs demanding more taxpayer spending. When John McDonnell proposes to borrow £500 billion, remember who will pay it back. You, the taxpayer…

mdi-timer 17th July 2018 @ 11:50 am 17th Jul 2018 @ 11:50 am mdi-comment Comments
Hammond Overspending By Just £10 Million-an-Hour

The Tories are claiming it is some sort of achievement that public sector net borrowing was £28.3 billion between April and August, down £0.2 billion on 2016. Yes, big congratulations to Philip Hammond for getting government overspending down to just £10 million or so an hour.

mdi-timer 21st September 2017 @ 4:13 pm 21st Sep 2017 @ 4:13 pm mdi-comment Comments
Team Jez: Labour Frontbenchers Were Mistaken

George Osborne’s Evening Standard has splashed on Guido’s student debt scoop from this morning. Team Corbyn have a new line: that frontbenchers Imran Hussain and Sharon Hodgson were “mistaken” about Labour’s policy and shouldn’t have said that Jez was planning to wipe out debts. If Corbyn’s own top team were mistaken, not sure how voters were meant to understand it. Almost as if the Corbynistas are lying to cover their tracks…

mdi-timer 25th July 2017 @ 3:37 pm 25th Jul 2017 @ 3:37 pm mdi-comment Comments
Shadow Minister: Every Existing Student Will Have All Their Debt Wiped Off

Let this put an end to the Corbynista spin that they never pledged to wipe out student debt. Here is Shadow Justice minister Imran Hussain speaking in a campaign video during the election:

“Just this morning Jeremy Corbyn has announced that the tuition fees will be abolished straight away from September if there’s a Labour government, and that we will bring back immediately EMA and also that every existing student will have all their debt wiped off. That’s fantastic news, isn’t it guys?”

That’s at least two Labour frontbenchers who made the student debt pledge during the election. Promise broken, Corbynista spin unravelled…

UPDATE: Schools minister Nick Gibb says:

“Day by day Labour’s top team are being found out for their betrayal over student debt. Their irresponsible offers to students are unravelling before our eyes. It is becoming abundantly clear that Labour’s election pledges were pure fantasy and they cannot be trusted to keep their promises – will they now step forward and apologise to this country’s young voters?”

mdi-timer 25th July 2017 @ 9:56 am 25th Jul 2017 @ 9:56 am mdi-comment Comments
Corbynistas DID Tell Students “Vote Labour” to Get Debts Written Off

Corbynistas are disingenuously claiming they never let students believe their policy was to write off debts, and that the whole furore is an MSM smear. The above tweets from Shadow minister Sharon Hodgson reveal the truth: they did use the pledge as a reason for “All those in early 20s with student debt” to “Vote Labour”. And they are now lying about it. One more time, students: “Ohhhh Jeremy Corbyn…”

mdi-timer 25th July 2017 @ 7:46 am 25th Jul 2017 @ 7:46 am mdi-comment Comments
Tory Videos on Labour’s Student Debt U-Turn Hit 1.3 Million Views in 3 Days

Shadow Education Secretary Angela Rayner is under heavy fire in the Commons over Labour’s student debt u-turn. Sarah Champion threw Corbyn under the bus on the Daily Politics earlier rather than defend the broken promise. Over on Facebook, Tory videos on Jezza’s fantasy policy shambles have now been viewed 1.3 million times in three days, and shared over 50,000 times – more than the vast majority (possibly all) of anti-Labour posts during the election. This is hurting, and deservedly so…

mdi-timer 19th July 2017 @ 3:24 pm 19th Jul 2017 @ 3:24 pm mdi-comment Comments
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