Labour under Corbyn to add 10 percent of debt of every UK household warns Jeremy Hunt

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JEREMY HUNT has warned that the Labour Party cannot be trusted to implement a sustainable economic plan for the UK. The former Foreign Secretary pointed to Labour’s lack of control of spending as the reason Britain suffered so severely in the 2008 financial crisis.

Speaking on ITV’s Peston the MP for South West Surrey said: “Well it is certainly true that Labour will always outspend the Conservatives. But what we are talking about this time is a Labour Government that will add 10 percent to the debt of every single household as constituted in the national debt. Look at the four day week.”

He continued: “This is a very important point, that alone will add 17 billion pounds to the cost of public services in this country.  

“A huge increase in taxation and borrowing.”

Mr Peston replied: “Just to be clear they have not given a timetable for introducing it and they have said they would do it in partnership with industry. 

“I think you have to be slightly careful to throw numbers around.”

Mr Hunt said in response: “But it doesn’t make it any less expensive. 

“My point is that one of the reasons why the financial crisis in 2008 was so much worse for this country than for other countries was because we had lost control of spending. 

“We do not want to make that mistake again.”

Yesterday the Labour Party’s proposed economic plan was attacked by LBC’s Iain Dale after Shadow Chancellor John McDonnell said: “Whatever the Tories are putting in, we’ll put on top of that”.

Mr Dale said: “The Conservatives put in more money to the NHS than you were promising in your 2017 election manifesto.

“Yet when they announced that money, you again said it wasn’t enough even though you weren’t promising as much.”

Mr McDonnell replied: “No, what we said is whatever the Tories are putting in, we’ll put on top of that.”

A furious Iain Dale argued: “That’s no way to run an economy!

“A political party saying whatever it is we will put more in.”

The Labour MP said in response: “In 2017, our offer on the NHS far outstripped the Tories.

“Things have moved on in the last couple of years, and you realise just how much of the NHS is in crisis.

“Even the Tories have had to accept that, and they’re scrambling around.”

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