Party manifestos: Reckless spending doesn’t pay off

By Jack Pringle2019-11-26T06:00:00

Even the benefits of infrastructure investment could be limited for the construction industry

Spend, spend, spend. It doesn’t matter which of the main parties you intend to vote for, they are both set to turn on the taps. If the claim that Labour’s plans add up to £1.2 trillion is true then the Tories are not far behind. It’s the inverse of when Tony Blair promised in 1997 to keep to the Conservatives’ prudent plans if only the electorate would give him the keys to No 10. This time Labour is brazenly saying it can outspend the Tories and the Tories say they will not be far behind – but whereas Labour will tax you, the Conservatives say they will borrow the money to finance it.

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