Labour's Deficit Lock is no substitute for clear spending plans

April 14, 2015 11:07 AM

Responding to the launch of the Labour Party manifesto, and the announcement of a "Budget Responsibility Lock," Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:

"Labour's Budget lock is all well and good, but we remain thoroughly in the dark about how the party would actually eradicate Britain's £90 billion deficit. None of the parties have shown any evidence that they'll be able to find the necessary savings or indeed that they're willing to make the tough choices they keep talking about. Taxpayers deserve better than the fantasy economics of wishing away the deficit without fully-costed spending reductions."

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