Forum Topic

Unintelligent Rupa Huq twitters Tory Budget financed by borrowing ????

Has she read the Labour manifesto ?? Does she think we will not realise how stupid and hypocritical she is

Dennis Brogan ● 2151d6 Comments

The cost of borrowing may be low but that can change so loading up on debt when the economy may be going into a period of sustained weakness isn't wise.I don't think a differently worded manifesto would have helped Labour much. People were faced with two unpalatable choices as Prime Minister and more thought Johnson was preferable to Corbyn.

Mark Evans ● 2149d

The cost of borrowing to meet the Budget announcements has never been lower.
Had Labour the 'nous' to have declared this in their manifesto and properly costed it the shambolic performance at the polls could have been mitigated.

N V Brooks ● 2150d

Indeed.The Labour manifesto recommended extra borrowing but for investment. I don't think anyone actually believed the numbers but the principles were sound.The latest budget is increasing the deficit significantly for recurring spending and normally the credit rating agencies would be considering a downgrade but they apparently have been warned not to because of the fragile state of financial markets.The true position could be a lot worse because I'm told by someone in the civil service that this government is mainly increasing spending by employing consultants and counting this as a capital cost to pretend it is investment.

Christine Mulligan ● 2151d

Ms Bond always the balanced view. Bravo.

Arthur Breens ● 2151d

https://apple.news/AIbR0Yy0VTkKrXgmuVE8Vfg"We've put in more money than ever before". "Everything's fine"...Well there are more people than ever before!

Philippa Bond ● 2151d

And the Tory manifesto?  Where were the costings?  All those years of austerity and for what?

Philippa Bond ● 2151d