Official Treasury analysis: Labour would borrow £166bn more in the next parliament

Over the last few days, 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.

The front page of yesterday’s Times put the cost of Labour’s secret spending spree at an extra £25bn a year.

And today, 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.

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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.

Or the Same Old Labour Party, with no plan, no direction, and no ideas other than more spending, more borrowing and more taxes.

Don’t let Labour wreck the economy again - text SUPPORT to 81500 and become a supporter of our long-term economic plan for just £1. 

(Texts cost £1. Full terms and conditions: http://www.conservatives.com/Get_involved/Text_to_support.aspx)

Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 4 Matthew Parket Street, London, SW1H 9HQ