Thursday 8 August 2019 / 9:32 PM Economy / John McDonnell

John McDonnell responds to announcement of a fast-tracked one-year spending round

John McDonnell MP, Labour’s Shadow Chancellor, responding to the Chancellor of the Exchequer’s announcement of a fast-tracked one-year spending round, said:

“This smacks of pre-election panic measures by the government. Johnson is splashing a little bit of cash as a publicity stunt, but keeping the door open for even more austerity if a no deal Brexit breaks the economy.

“Worryingly, a one year spending review means that the government is able to turn off the taps of any additional spending after the first year. There are also gaping holes in the spending plans – nowhere near enough for our NHS or our schools or our local councils, nothing to lift children out of poverty, nothing to end the pain caused by the Tories’ Universal Credit, or to scrap the bedroom tax or the cuts in support for disabled people.

“The Tories have dumped any pretence any longer to have a so called long term economic plan. None of our public services will be able to prepare for anything beyond the next year. This is no way to run a budget or a country.

“The government that has been driving us headlong into a disastrous no deal is now playing dangerous games with spending. It’s clear Boris Johnson can’t be trusted with the UK’s economy.”