Wednesday 21 August 2019 / 10:29 AM Economy / John McDonnell

John McDonnell responding to Public sector finances for July 2019

John McDonnell MP, Labour’s Shadow Chancellor, commenting on government borrowing so far this financial year being £6bn higher than this time last year, said:

“With the Conservatives only interested in forcing through a No Deal Brexit, nine years of economic mismanagement have left our public services in a terrible state ahead of the Spending Review.

“Instead of borrowing yet more money to fund their failed programme of tax cuts, the priority has to be reversing the damage done to schools and social care, and stopping the rollout of Universal Credit which is causing so much hardship.

“Labour in government will deliver the radical transformation to our economy that is desperately needed to boost living standards and eliminate in-work poverty.”