McDonnell responds to rise in borrowing
John McDonnell MP, Labour’s Shadow Chancellor, responding to news that borrowing for the year so far has risen for the first time in five years, said:
“After nine years it’s clear the Conservatives’ cuts agenda has failed in every way.
“Their economic mismanagement has had real and dangerous consequences for our hard-pressed public services.
“Labour will deliver the funding our schools and hospitals need, underpinned by a high-wage, high-skill economy.”
Notes to Editors:
- “Borrowing in the current financial year-to-date (April 2019 to September 2019) was £40.3 billion, £7.2 billion more than in the same period last year; this is the first April-to-September borrowing increase for five years.”
- ONS September Public Sector Finances can be found here: https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/September2019