article_snippet.sent: Conservative plans involve a significantly larger reduction in borrowing and debt than Labour plans. '
article_snippet.sent: It means that annual borrowing (GDP) has fallen by more than £60 billion from £153.5 billion in 2009/10 just before the Coalition came to power.
article_snippet.sent: The IFS analysis said the Tories planned the largest reduction in borrowing over the course of the next Parliament.
article_snippet.sent: The pledge to produce a surplus but without specifying by when or how much could be consistent with a reduction in borrowing totalling 3.6 per cent of national income.
article_snippet.sent: Senior research economist Rowena Crawford said: 'Labour's proposed measures might be broadly enough to meet Labour's proposed measures target for only borrowing to invest. '
article_snippet.sent: If Labour wanted to reduce borrowing to a lower level than this Labour would have to spell out more detail of how Labour would get there.'
article_snippet.sent: The SNP's figures imply the same reduction in borrowing as Labour, the IFS said, although the reduction would be slower.
article_snippet.sent: This means The SNP is proposing a slower but longer period of austerity, the think-tank said.