- Joined
- Nov 19, 2009
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- 58,556
Defo ammo for both parties who are repeatedly regurgitating anything the IFS says.http://www.theguardian.com/business...ve-30bn-black-hole-in-spending-plans-says-ifs
Once the NHS promise and tax cuts are factored in, cuts of up to 30% (!) would be required from all non-protected budgets. I think its fair to say that's impossible, which rather begs the question of which current promises would go out of the window.
It also says that Labour would require less cuts, but they're vaguer about how much they'd want to borrow, with a potential extra £90Bn borrowed over the course of 5 years compared to the Tories.
Probably ammo there for both parties' campaigns, even if the left-leaning paper highlights the Tories problems over Labour's.
'Labour will heap £90bn more debt on UK and increase taxes by £12bn'
Election 2015: Institute for Fiscal Studies says only a Conservative government would balance the books after the Election.
http://www.telegraph.co.uk/news/gen...66/Ukip-call-St-Georges-Day-bank-holiday.html