Ed Miliband’s borrowing would put at risk all the hard work in Lincoln

Karl McCartney MP has warned that Ed Miliband’s Labour Party would put at risk all the hard work to turn the economy around in Lincoln after new research was published showing Ed Miliband’s Party would borrow £20.7 billion more in 2015/16 – £1,200 for every working household in Lincoln.

The published research is an objective, thorough and detailed cost analysis of Labour’s policies for 2015/16. It includes their policies that would save money, as well as spend money, and is based on official Treasury costings and public sources. 

It shows that Ed Miliband’s Labour Party still wants to spend and borrow more – putting at risk all the recent progress in Lincoln, just as increased uncertainty in the international economy shows we need to stick with the Conservatives’ long-term plan to build a stronger and healthier economy. 

Karl McCartney MP said: “Ed Miliband’s Labour Party haven’t learned any lessons. With just four months until a crucial General Election, we’ve now found out they still want to spend, borrow and tax more – borrowing an extra £1,200 for every working household in Lincoln.

“It hasn’t been easy, but with local businesses growing and jobs being created, the economy in Lincoln is getting stronger. Unemployment in our City, for instance, is now 1324 lower than in May 2010 when I was elected to Parliament. But Labour and Ed Miliband’s Candidate from Islington would risk all that progress with more borrowing and return us to economic chaos. Just as the global economy is struggling with the Eurozone teetering on the brink of a possible third recession, we need to stick with the Conservatives’ long-term economic plan that is helping turn our country around.

“The General Election will be a critical moment for Britain’s future and the future of our local area in and around Lincoln. There is a clear choice – between the competence of a long-term economic plan that is helping make families more secure in Lincoln and across our Country or the chaos and instability that is offered by Labour and the other parties.”

Notes to Editors
The cost analysis of Labour policy is available here - http://betterfutu.re/labourcostanalysis
For further information, please contact Karl McCartney MP at karl.mccartney.mp@parliament.uk / 020 7219 7221.