Labour’s John McDonnell’s spending promises would be laughable if they were not so scary
Fantasy splurge
IT would be laughable if it were not so scary.
Labour’s John McDonnell promised an extra £150billion of borrowing for “social transformation”, on top of £250billion already announced for “green” projects, on top of plans to renationalise swathes of industry, which are tipped to cost at least £176billion.
You might wonder how all this uncosted magic money will be paid for.
Don’t worry, says McDonnell. The billions for renationalisation wouldn’t really count as a debt but as “assets”.
For the other £400billion he plans to sting the rich and grab £300billion worth of shares from businesses.
It’s fantasy economics. Wealthy job-creators would not stick around to be fleeced.
It would be ordinary earners getting hit by higher taxes, higher prices, lower salaries and lost jobs.
Experts warn McDonnell could bankrupt Britain and saddle the country with ballooning debt for generations.
Labour’s bribes would be the most expensive “free money” ever offered.
Cowardly exit
TOM Watson cravenly ducked the election campaign before his Leave-voting constituents could kick him out for his Brexit-blocking betrayal.
It says a lot about the rancid state of Labour under Jeremy Corbyn that a man as vindictive and unprincipled as Watson is being painted as its moderate voice and a bulwark against the extremists who have hijacked it.
In fact, Ian Austin is that voice — a proud Labour man who had the courage to call out “poisonous” Corbyn.
Watson, the enemy of press freedom, who should have resigned for his part in the hounding of innocent Tories on the flimsy word of a lying paedophile, could have walked out on Corbyn three years ago but propped him up instead.
Now he leaves with a whimper.
Good riddance.
Border control
IT has been madness to turn away doctors and nurses and key skilled workers because they come from outside the EU.
Control of our borders does not mean shutting our doors to migrants.
A flexible, points-based system, with fast-tracking for NHS workers, means welcoming the best talent from around the world when and where we need it.
No defence
WHY would any Tories defend wannabe MP Nick Conrad, who once said women should “keep their knickers on” to avoid rape?
Those who exposed his Neanderthal views have done the party a favour.
Thank goodness he’s gone.
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