UK Conservatives put $1.5 trillion price tag on Labour opposition plans 0 SHARES Share it! Share TweetBy ReutersLONDON – Prime Minister Boris Johnson’s Conservative Party said the opposition Labour Party would spend an extra 1.2 trillion pounds ($1.5 trillion) over the next five years if it wins power in an election on Dec. 12, British newspapers reported on Saturday. The Sunday Telegraph and Sunday Times newspapers quoted Conservative finance minister Sajid Javid as calling Labour’s spending plans “truly frightening” that would push Britain close to bankruptcy. Separate polls for the Mail on Sunday and Observer newspapers both put the Conservatives on 41% and Labour on 29%, while a Sunday Times poll put the Conservatives on 39% and Labour on 26%. Britain’s public debt currently stands at around 1.8 trillion pounds, more than 80% of economic output – though below equivalent amounts in the United States, Japan, and France.

Source: Manila Bulletin November 10, 2019 05:58 UTC