Sentences with phrase «labour biggest deficit»

Not exact matches

Labour have only been out of power for two years, having left Britain with the biggest deficit in the OECD, and yet YouGov polling throughout the early half of May 2012 have put Labour between nine and thirteen points ahead of the Conservatives, giving Labour a more than comfortable majority at the next General Election.

So let me be clear, in tough times — when there is less money around and a big deficit to get down — there will be no blank cheque from me as a Labour Chancellor for this project or for any project.

Labour also said today they would pledge better value for public money while making no big spending commitments in a bid to reduce a record budget deficit.

The IFS said that the Conservative plans to get rid of «the bulk» of the deficit over the course of the next parliament will involve the biggest spending cuts since the second world war, while Labour and Lib Dem plans will result in deeper cuts that at any time since the 1970s.

It goes like this: Labour bequeathed the biggest postwar deficit in our history; Labour had no plan to tackle it; the measures announced in the emergency Budget by George Osborne in June are fair and unavoidable, and a mess created by one party alone is having to be cleared up by two working together.

In his first big speech as shadow chancellor this morning, Alan Johnson tried to refute the Coalition's suggestion that Labour is responsible for the budget deficit.

Under the deficit reduction plans that Ed Miliband put in Labour's manifesto last year, the biggest reductions in public spending would come this year — so much for the «wrong time».

Their strident argument on the economy was that big cuts needed to be made to pay off the deficit, but that New Labour would ease the pain by cutting «less far, less fast».

«This is the alternative Labour's got to set out and we do have to make an argument that says tax should play a bigger part of closing the deficit.