Tuesday 21 February 2017 / 1:52 PM 2017 Press Archive / The Latest from Labour

Today’s figures show the Government’s debt still rising, seven years after the Tories started their austerity agenda – Peter Dowd

Peter
Dowd MP, Labour’s Shadow Chief Secretary to the Treasury
, commenting on
today’s ONS public sector finance figures, said:

“Today’s
figures show the Government’s debt still rising, seven years after the Tories
started their austerity agenda, and two years after they said they would
balance the books.

“It’s
clear that their slash and burn approach to public spending has not only given
us a crisis in NHS and social care but also failed as an approach to reducing
Government debt.

“Labour’s
Fiscal Credibility Rule gives us a firm commitment to addressing the public
finances while investing in our economy for the future as part of our programme
to rebuild and transform Britain.”