Wednesday 24 April 2019 / 9:18 AM Economy / John McDonnell

Government added another £1.7 billion to the deficit in March alone – John McDonnell

John McDonnell MP, Shadow Chancellor, commenting on figures showing that the Government has borrowed £24.7 billion in the latest full financial year, said:

“So much for the deficit being eliminated – something the Tories told us they would achieve by 2015.

“Four years on and the Government has added another £1.7 billion to the deficit in March alone.

“Nine hard years of austerity have held down growth, and shifted deficits onto the shoulders of local councillors, NHS managers, and head teachers.”