Sajid Javid and John McDonnell have both made eye-catching public spending pledges, arguing that in an era of low interest rates it is right to borrow for spending on the infrastructure. McDonnell’s pledges are bigger, but both run the risk of being seen as fiscally irresponsible and guaranteeing future tax increases.
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Sajid Javid and John McDonnell have both made eye-catching public spending pledges, arguing that in an era of low interest rates it is right to borrow for spending on the infrastructure. McDonnell’s pledges are bigger, but both run the risk of being seen as fiscally irresponsible and guaranteeing future tax increases.
If you are not a subscriber, subscribe now to read this content.
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