'Reckless' Labour to send public debt soaring with £600bn borrowing spree

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Shadow chancellor John McDonnell's plans would take borrowing to levels not seen since the 1960s, gordonrayner and HarryYorke1 report

Jeremy Corbyn’s spending plans would be funded by £600 billion of borrowing in a “wholly unprecedented” escalation of public debt, it has emerged.

 

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gordonrayner HarryYorke1 And 25% mortgage interest rates as well. Are the young ones and the snowflakes ready for that?

gordonrayner HarryYorke1 Love how jeremycorbyn and johnmcdonnellMP on one hand say no one should be allowed to have masses of money but then on the other hand ask if they can borrow it to achieve their pie in the sky aims and objectives! 🤣 GE2019

gordonrayner HarryYorke1 Spending money makes you feel good! And when it is other people’s that is even a better feeling, very erotic!🤒

gordonrayner HarryYorke1 Harold Wilson had to go crawling to the USA for a loan but they wanted the UK to commit to Vietnam Wilson said no then went to the IMF for a loan which got this is Labour in the 1960s nothings changed much socialism never works especially with a Marxist Chancellor

gordonrayner HarryYorke1 Where’s the cash coming from for multi billion Tory bribes?

gordonrayner HarryYorke1 So where's the money for Johnson's spending spree coming from?

gordonrayner HarryYorke1 Borrow, borrow, borrow, borrow, repeat.... 🤔 £££££££££££££££££££££££££££££££££££££££££££

gordonrayner HarryYorke1 UK national debt is currently 85% of GDP, according to 2019 government figures. This 2018 graph shows how debt has nearly doubled under 21st Century Tory governments. Please become a better newspaper. Thanks.

gordonrayner HarryYorke1 How are the Tories doing in regards to National Debt? Worth asking!! Then there is the magic money tree suddently sprouting with an election in view. How cynically. One of the richest countries in the world with a third world police service, rising child poverty etc....

gordonrayner HarryYorke1 Debt is already through the roof with the hapless Tories, this is shite pot noodle journalism

gordonrayner HarryYorke1 Without Brexit a Corbyn/McDonnell led Labour would have no chance of winning. Brexit did this. If it all ends with those two in Downing Street - and Brexit cancelled - you have to wonder, was it worth it?

gordonrayner HarryYorke1 Nothing reckless about it

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