Quote of the day 27th May 2017

In which the leader of the Labour party demonstrates that he does not understand the meaning of the word "borrowing."

Jeremy Corbyn was interviewed by Andrew Neil in this clip below first broadcast on 26th May and the section in which they discussed borrowing runs from 22 minutes to 24 minutes into this interview:



Here is a transcript of part of the relevant section:

Note that this post has been modified: originally I posted an image here in good faith which appeared to be a reference to this interview but it's authenticity has been challenged. I therefore took it down and replaced with video and text showing clearly and definitively what was actually said.

Comments

Jim said…
that is a near perfect way to explain a loan or financial borrowing. Any primary school teacher would be proud of it
7:33 am
Jim said…
THough you can also pay for re-nationisation of things by issuing the current shareholders guilts, other wise known as IOUs from the government. Thats not borrowing either - i know its not borrowing because a man called McDonnell said so on the Andrew Marr show.
7:40 am
Anonymous said…
Id live to see the source of this. I bet you can't t cite it though. Feel free to respond.
7:58 pm
Anonymous said…
Tell you what Chris, as you've shared what looks to be an attempt to misreprent a fake quote as a BBC Election 2017 branded image I'll ask their social media team to review shortly.
8:15 pm
Chris Whiteside said…
Jeremy Corbyn did discuss borrowing with Andrew Neil on 26th May in terms which clearly demonstrate a serious lack of understanding and I shared the image in good faith in the belief that it was a bona fide report on that interview. Given the question raised about the validity of the image I have instead posted the full video of the interview.
1:01 pm
Anonymous said…
Good chap. Best of luck tomorrow fella.
6:42 pm
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