Politics

General election latest: Row as Tories claim Labour would leave UK ‘on brink of bankruptcy’



The Tories have slammed Labour‘s economic policies, claiming they would leave the country “on the brink of bankruptcy” by costing £1.2 trillion over five years.

Analysis of the opposition’s pledges, overseen by Sajid Javid, suggests Jeremy Corbyn’s party is committed to spending £650 million a day.

The Chancellor told The Sunday Times that the country “cannot afford Corbyn’s spending spree”, which he claimed would “undo all the hard work of the British people in recent years”.

He said Labour’s proposals, which include plans to renationalise rail, mail, water and energy, could leave the economy on the “brink of bankruptcy”.

McDonnell hit back calling the Tory party’s analysis ‘incompetent’

The paper said the figure was based on costings for Labour’s last manifesto and its most recent pledges, spread across a five-year period.

Shadow chancellor John McDonnell labelled the claims a “ludicrous piece of Tory fake news” and an “incompetent mish-mash of debunked estimates and bad maths cooked up because they know Labour’s plans for real change are popular”.

He said: “Labour will tax the rich to pay for things everyone needs and deserves, like decent housing, healthcare and support for our children.

“We will also use the power of the state to invest to grow our economy, create good jobs in every region and nation and tackle the climate emergency.

“The Conservatives will be able to read all about these plans – and how much they actually cost – when we publish our fully-costed manifesto.”

It comes as the Tories revealed plans to quadruple the number of migrant workers that can take up seasonal work on British farms from next year.

The Sunday Telegraph reported that the Prime Minister has approved plans to allow fruit and vegetable farmers to hire up to 10,000 workers from outside the EU for temporary roles.

Labour is also considering plans for a universal basic income.

The Lib Dems are proposing to scrap settlement fees for Armed Forces veterans who were born outside the UK, while the Tories have said veterans will be eligible for a railcard giving them a third off the cost of train travel.



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