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.

January 30, 2014 9:13 am


Sign up to receive analysis on policy developments across our specialist sectors

Contact us

For more information about how Whitehouse can help you, please contact:

Isabella Sharp
t: +44 (0)20 3855 5760
m: +44 (0)7813 307490

Viviana Spaghetti
t: +44 (0)20 3855 5760
m: +44 (0)7583 051119

For media enquiries, please contact:
Mayar Raouf

t: +44 (0)20 3855 5760
m: +44 (0)7502 327092

For career and jobs information, please contact:
t: +44 (0)20 3855 5760

For general enquiries, please contact:
t: +44 (0)20 3855 5760

Sign up for the latest news

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