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"Neither Labour nor the Conservatives is being honest with the electorate.”

November 29, 2019 2:36 PM

The well respected Institute of Fiscal Studies has reviewed all the party manifestos and that was its main conclusion when looking at the Conservative and Labour offers

They went on to say "If you think things are pretty much OK as they are, then you will like the Conservatives' proposals for tax and spend. If you want big increases in taxation and spending then Labour and the Liberal Democrats have plenty to offer," the IFS said. Outside health spending on public services will still be 14% (1/7th) lower in 2023/4 than in 2010/11 if the Conseratives stay in power.

Looking at Labour IFS director Paul Johnson said "It is highly likely that Labour, at least over the longer-term, would need to implement other tax raising measures in order to raise the £80 billion of tax revenue that they want and even just sticking to those proposals they would clearly increase taxes for many millions outside the top five per cent,"

"While the Conservatives continue to pretend that tax rises will never be needed to secure decent public services, Labour pretends that huge increases in spending can be financed by just big companies and the rich. Neither Labour nor the Conservatives is being honest with the electorate."

Paul Johnson added: "In the face of such vast ambition from Labour, one should not forget that the Liberal Democrat manifesto is itself a radical document that would involve a decisive move away from the policies of the past decade. However they also conclude the Liberal Democrats are the ONLY party whose plans put debt on a decisively downward path over the next five years

So there we have it. Liberal Democrats are the only party offering a significant increase in public spending to recover the damage of past austerity whilst responsibly bringing down our national debt for future generations and cutting interest payments