Labour is planning to spend nearly £700bn by the end of the next Parliament, according to one of its own party documents intended to highlight Tory deficiencies, reports The Daily Telegraph.
This would be nearly twice the level of spending seen - £372bn – when Labour came into office in 1997. The Treasury has refused to endorse the Red Book figures, as they only stretch to 2007/8, the paper says, but then prime minister Tony Blair himself has referred to the spending in a bid to show how Tory plans to reduce spending by £35bn would harm public services. The figure has also been referred to by transport secretary Alastair Darling. Meanwhile, plans to offer council tax handouts to over-65s have been branded less generous than plans of other parties, the paper quotes the ...
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