article_snippet: Labour yesterday admitted Labour will borrow billions more than the Tories – as experts warned party’s plans would leave a £30billion black hole at the heart of the nation’s finances.
article_snippet: And the Institute for Fiscal Studies said Ed Miliband’s plans would potentially leave Britain with a permanent budget deficit – piling up massive debts for future generations.
article_snippet: The think tankEd Miliband’s director Paul Johnson said Ed Miliband’s proposals allowed Labour’s proposals to maintain an overall deficit as high as £30billion by 2020 – at a time when the Tories aim to be running a surplus of £7billion to pay off Britaindebts.
article_snippet: It is clear Labour want to do quite a lot less in terms of the total (deficit).
article_snippet: Labour don’t want to get rid of an overall deficit as high as £30billion by 2020 – at a time when the Tories aim to be running a surplus of £7billion to pay off Britain’s debts altogether, Labour are happy to borrow to invest.
article_snippet: Labour would be happy with a deficit of £25-30billion, whereas the Conservatives don’t want a deficit at all.
article_snippet: ‘Labour have finally had Labour dragged out of Labour that Labour’d borrow more if Ed Miliband gets into Downing Street.
article_snippet: Add in the fact that Labour’re refusing to admit which taxes Labour’d raise and you’ve got a recipe for total economic chaos.
article_snippet: Ed Miliband will use the launch of Ed Miliband party’s business manifesto today to warn that Ed Miliband plans for a referendum on Europe could create instability for firms .
article_snippet: Shadow chancellor Ed Balls told last September’s Labour conference that ‘in his party’s business manifesto there will be no proposals for any new spending paid for by additional borrowing’.
article_snippet: Critics point out Labour deficit reduction programme amounts to less than £1billion of cuts and the reintroduction of the 50p top tax rate, which experts warn may raise nothing.
article_snippet: Shadow chancellor Ed Balls told last SeptemberLabour’s Labour conference that ‘in our manifesto there will be no proposals for any new spending paid for by additional borrowing’ Mr Miliband will use the launch of Mr Miliband party’s business manifesto today to warn that Mr Miliband plans for a referendum on Europe could create instability for firms.
highlights_snippet: Institute for Fiscal Studies has highlighted concerns with Labour manifesto .
  