Tory spending plans will ‘fail to tackle the decade of decline’ – McDonnell
John McDonnell MP, Labour’s Shadow Chancellor, responding to the Resolution Foundation’s report that predicts a budget spending splurge and tax rises, said:
“This report confirms that even the most hyped prediction of what could be in the budget will not go anywhere near making up what the Tories have cut over the last decade.
“Even though the Tories at long last are following Labour’s policy of borrowing to invest in our infrastructure the scale of spending will fail to tackle the decade of decline caused by the Tories and will not tackle the increasingly serious existential threat of climate change.
Having raised expectations so high, inevitably people will be bitterly disappointed at this failure to deliver by Johnson and Cummings.”