Labour: Spending Plans

labour: It chided Labour for producing a manifesto that relied on taxes that were unlikely to raise the sums the party has said they will, and for spending plans that were unlikely to be fulfilled within a five-year term, according to The Guardian. Additional manifesto spend Labour would not be able to deliver investment spending increases on the scale they promise, said IFS director Paul Johnson. The IFS report was also scathing about Labour's plans. The public sector doesn't have the capacity to ramp up that much, that fast. Johnson said the Tory tax and spending plans were unlikely to be delivered. However, the IFS also admitted that the size and scope of the measures in the manifesto meant the outcome was difficult to gauge. (news.financializer.com). As reported in the news.