Labour’s plans for more unfunded spending would make hardworking taxpayers in Lincoln worse off

Karl McCartney MP has condemned Labour’s pledges over the summer for £21 billion more unfunded, inefficient and ineffective spending.

 

New analysis has revealed this would cost working households £1,235 each – totalling a cost of £1.5 billion for working households across the East Midlands. This would all have to be paid for by higher taxes or more borrowing, making hardworking taxpayers, and future generations, worse off.

 

While Labour continue to struggle for credibility on the economy new figures from the Office for National Statistics have revealed that the recovery in the economy under this Government has been stronger than previously thought. Growth since 2010 has been revised up to 8.1 per cent, from the previous estimate of 7.0 per cent.

 

This faster growth means there are more businesses creating more jobs, so that more families can have the security of a regular pay packet, with a brighter future ahead of them.

 

Karl McCartney MP said: “Just as new growth figures – which show the economy has been growing faster under this Government than previously thought – confirms this Government’s long-term economic plan is working, helping more families achieve the security of work, it’s shocking to see Labour still haven’t learned its lesson.

 

“In a string of speeches over the summer Labour pledged £21 billion worth of unfunded, inefficient and ineffective spending. That would cost each working household £1,235 – £1.5 billion across the East Midlands.

 

“This means Labour would have to hit people in Lincoln with more borrowing and higher taxes, making hardworking taxpayers worse off and putting the recovery at risk. We need to stick to the Conservatives’ long-term economic plan, which is delivering growth, getting the deficit down and cutting taxes - securing a brighter and more secure future for Britain.”

 

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For further information, please contact Karl McCartney MP at karl.mccartney.mp@parliament.uk / 020 7219 7221.