27 February 2014

£166bn down the drain? No thanks, Ed...

Ed Balls has been trying to claim that Labour ‘will not duck the hard choices ahead’. They said they were serious about the economy. But now we know that isn't true.

Analysis by the independent Institute for Fiscal Studies has shown that his plans would allow Labour to borrow and spend billions more.

Official Treasury numbers have shown the full impact of Labour’s plans: a borrowing bombshell adding an additional £166bn to the country's debt in just one parliament, despite what Miliband and Balls will tell you.

Labour’s plan to borrow and spend more is the single biggest risk to our economic recovery. And it’s hardworking people who would pay the price, with higher taxes funding this latest Labour spending spree.

The choice at the next election is now clear: the Conservatives with our long-term economic plan that is building a stronger, more competitive economy, and securing a better future for Britain; the Same Old Labour Party, with no plan, no direction, and no ideas other than more spending, more borrowing and more taxes.

Are you sure you can trust Ed Balls with the economy? After all, Alistair Darling is better than him and look how that ended up. 

No comments:

Post a Comment