Dunne: Ed Miliband’s borrowing would put at risk economic recovery in South Shropshire

South Shropshire MP Philip Dunne has warned that Ed Miliband’s Labour Party would put the economic recovery at risk, after new research was published showing Labour would borrow £20.7 billion more in 2015/16 – £1,200 for every working household.

The published research is an objective, thorough and detailed cost analysis of Labour’s policies for 2015/16. It includes their policies that would save money, as well as spend money, and is based on official Treasury costings and public sources. 

It shows that Ed Miliband’s Labour Party still wants to spend and borrow more – putting at risk all the recent progress in Shropshire - just as increased uncertainty in the international economy shows we need to stick with the Conservatives’ long-term plan to build a stronger and healthier economy.

Mr Dunne said:
“Ed Miliband’s Labour Party haven’t learned their lesson. With just four months until a crucial election, we’ve now found out they still want to spend, borrow and tax more – borrowing an extra £1,200 for every working household in South Shropshire.

“It hasn’t been easy, but with local businesses growing and jobs being created, the economy in South Shropshire is getting stronger. We have seen the number of people claiming Jobseekers Allowance fall by more than 50% since 2010. But Labour would risk all that progress with more borrowing and return us to economic chaos. Just as the global economy is struggling with the Eurozone teetering on the brink of a possible third recession, we need to stick with the Conservatives’ long-term economic plan that is helping turn our country around.

“The General Election will be a critical moment for Britain’s future and the future of our local area, and there is a clear choice – between the competence of a long-term economic plan that is helping make families more secure in South Shropshire or the chaos and instability that is offered by other parties.”