Prime Minister Boris Johnson's Conservative Party said the opposition Labou...
LONDON - Prime Minister Boris Johnson’s Conservative Party said the opposition Labour Party would spend an extra 1.2 trillion pounds over the next five years if it wins power in an election on Dec. 12, British newspapers reported on Saturday.
However, Labour’s would-be finance minister, John McDonnell, dismissed the Conservative estimates as “ludicrous” and a “mish-mash of debunked estimates and bad maths”. McDonnell said in an interview for the Sunday’s Independent that the party’s manifesto would be “the most radical ever” and include a pilot for a universal basic income, and reiterated his desire to block expansion of London’s Heathrow airport.
McDonnell, 68, promised to borrow and spend even more - 400 billion pounds over 10 years. He said interest payments on government borrowing should not exceed 10% of tax revenues.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK Conservatives put $1.5 trillion price tag on Labour opposition plansPrime Minister Boris Johnson's Conservative Party said the opposition Labou...
Read more »
UK's Labour gains versus Conservatives: pollBritain's opposition Labour Party narrowed the margin by which it trails Pr...
Read more »
Philippines VP calls for revamped drug war to end 'senseless killings'The opposition leader put in charge of Philippine President Rodrigo Duterte&039...
Read more »
Pete Buttigieg unveils $1 trillion plan for affordable housing and child care — and says how he'd lower the cost of collegeDemocratic presidential contender Pete Buttigieg wants to invest more than $1 trillion in child care and affordable housing over the next decade as part of a package of proposals targeting the middle class.
Read more »
Pete Buttigieg Releases $1.6 Trillion Plan For Affordable Housing, Colleges And Child CarePete Buttigieg released $1.6 Trillion plan for affordable housing, colleges, and child care by skleb1234
Read more »
Ex-leader's release buoys Brazil's left, angers the rightFormer President Luiz Inácio Lula da Silva's release from jail fires up Brazil's weakened leftist opposition, though it's likely to anger conservatives who considered his incarceration proof the country was finally serious about ending corruption.
Read more »