Labour's spending plans to cost £25 billion

January 30, 2014 9:13 am

The Institute for Fiscal Studies (IFS) has analysed Labour Shadow Chancellor Ed Balls’ plans to match Chancellor George Osborne’s commitment to clearing the ‘current deficit’, noting that this doesn’t commit the Labour Party to clearing ‘overall deficit’ should it win power in 2015. In detail, this means that infrastructure and investment spending would be excluded from deficit calculations, allowing him to exceed the projected level of current Government spending by up to £25 million.

The Times (£)

Pete from PSI: Whilst many commentators had concluded that Balls’ commitment to matching the Government’s deficit plans was a move to shore up the oppositions’ economic credibility amongst voters, this analysis by the IFS will play directly into the Government’s line of attack that the Labour Party cannot be trusted on the economy, as they will be too profligate with the public purse.

If you would like to receive information and analysis on policy developments across our specialist sectors, please complete the following, indicating what sectors you would like to receive information on:







Contact us

We would be delighted to hear from you. If you would like to get in touch with us, please contact us on 020 7463 0690 or use the form below.

We look forward to hearing from you.

For media enquiries, please contact Mayar Raouf on 020 7463 0698 / 0750 232 7092, or email Mayar.Raouf@whitehouseconsulting.co.uk.

Contact us via email
  • ace centre
  • Pancreatic Cancer UK
  • Pancreatic Cancer UK
  • Team GB
  • Lilian Baylis Technology School

Sign up for the latest news

  • * Denotes required fields
  • This field is for validation purposes and should be left unchanged.

Contact us

  • * Denotes Required fields
  • This field is for validation purposes and should be left unchanged.