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Labour & Tories accused of Misinformation over Economic Policy

May 26, 2017

 

The BBC has reported that the Institute for Fiscal Studies (IFS) has raised concerns that neither Labour nor the Tories are being honest with voters with regards the consequences of their economic policies ahead of the General Election. 

 

It has warned that the Conservative plans for NHS funding will lead to another 5 years of austerity economics, while the £8Bn extra per year for the NHS may not be enough to mitigate feelings of a general squeeze on public services as a whole.

 

Labour's plans for higher taxation to fund NHS services in England and Wales have been deemed light on detail, with the IFS urging Labour to speak out candidly about the impact such increases in taxation are likely to have for a broad segment of society. 

 

Labour have yet to release detailed financial plans on how the money collected in the devolved administrations would be redistributed and whether this would be done in line with Barnett formula commitments.

 

Read the BBC's coverage here

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