George Osborne’s economic and fiscal plans are in chaos

John McDonnell, Labour's shadow chancellor.

John McDonnell, Labour’s shadow chancellor.

It may seem hard to believe, amid all the backstabbing from Labour intolerants – sorry, ‘moderates’ – but some members of the Labour Party still have their eye on the ball and are actually opposing the Conservatives.

Shadow Chancellor John McDonnell is one of them. Following a Marr Show appearance in which This Writer is told he actually answered questions while George Osborne evaded them, Labour released the following statement:

John McDonnell MP, Labour’s Shadow Chancellor, responding to George Osborne’s refusal on two occasions this morning on the Andrew Marr Show to commit to his £10bn surplus target in 2019/20, said:

“George Osborne’s economic and fiscal plans are in utter chaos just months since he announced them.

“We all know he gave up a long time ago on his 2010 promise to eradicate the deficit by today, but now he can’t even stick to the deficit reduction plans he announced as recently as July.

“Labour were the first to call on the Chancellor to target a lower surplus as a way he could reverse his tax credit cuts and stick to his self-imposed fiscal straightjacket. Now it seems he is being forced to take our advice as his economic and fiscal plans are falling apart.

“Rather than engaging in a cynical Westminster game of smoke and mirrors in this week’s Spending Review, it’s time the Chancellor acknowledges the challenges facing our country.

“He must reverse his tax credit cuts and fully protect frontline policing from any cuts.”

Source: Labour Press — George Osborne’s economic and fiscal plans are in…

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2 thoughts on “George Osborne’s economic and fiscal plans are in chaos

  1. chriskitcher

    This is not billions to spend on wars but billions in subsidies to his chums in the arms trades. How much of this will be channeled back into Tory coffers by way of donations as the 2020 election draws near?

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