FactCheck: John McDonnell doesn’t tell the whole story on Labour’s borrowing plans
Would Labour’s plans to add to the national debt pay for themselves? FactCheck takes a look.
How big is the deficit, and the debt?
The claim “…the deficit is…not high by either historical or contemporary standards” Len McCluskey elected head of Unite, The Guardian, December 19, 2010. “Of course there’s a deficit – we’re not deficit deniers.… the figures you’ve got are clearly not the figures that I’ve got” Len McCluskey, Radio 4’s Today programme, January 11, 2011. The…
Who’s deceiving who on the deficit?
The claim “My concern is that a great deceit designed to damage Labour has led to profoundly misguided and dangerous economic decisions that I fear will cause deep damage to Britain’s future. What is this deceit? It is that the deficit was caused by chronic overspending rather than a global financial crisis that resulted in…