McDonell wouldn't give the costs - so the TPA has.

John McDonnell, the shadow chancellor, declined to give the numbers to Andrew Marr about how much Labour's spending plans would cost the country.

So Duncan Simpson of the Taxpayer's Alliance had a go.

He thinks that Labour would spend an additional £100 billion in 2017-18 (on top of the current government’s spending plans) and £329 billion over the course of this parliament when tax rises are included.


  • By 2022-23, debt interest on Labour spending commitments would come to £7.4 billion.
  • Over six years Labour’s extra spending would mean £25 billion in higher debt interest
  • Total debt interest payments would be £272.5 billion between 2017-18 and 2022-23.
  • Debt interest per household over this period would come to £9,461.


    • You can read the full report here.

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