Labour's policies 'would cost UK £1.2 trillion,' Tories say
10 November 2019, 08:12 | Updated: 10 November 2019, 09:11
Labour's policies would cost £1.2 trillion over five years, the Conservative Party has claimed.
An analysis of Labour's pledges, overseen by Sajid Javid, suggests Jeremy Corbyn's party is committed to spending £650 million a day, according to a report in the Sunday Times.
The plans would cost every UK family £43,000 per year over the next five years, the Conservatives said.
The Chancellor told the paper the country "cannot afford Corbyn's spending spree", which he claimed would "undo all the hard work of the British people in recent years".
He said Labour's proposals - which include plans to renationalise rail, mail, water and energy - could leave the economy on the "brink of bankruptcy".
The paper said the figure was based on costings for Labour's last manifesto and its most recent pledges, spread across a five-year period.
Business minister Kwasi Kwarteng said Labour's plans are "reckless" as he defended the Conservatives' claim.
He told Sky's Sophy Ridge On Sunday: "It is absolutely right that the public know that Labour's plans are reckless and unaffordable."
However, he could not state the total cost of the Tories' pledges.
"I'm not going to bandy around figures," he said.
"It's absolutely right for us to say this is what the opposition are saying and this is how much it is going to cost."
Shadow chancellor John McDonnell labelled the claims a "ludicrous piece of Tory fake news" and an "incompetent mish-mash of debunked estimates and bad maths cooked up because they know Labour's plans for real change are popular".
He said: "Labour will tax the rich to pay for things everyone needs and deserves, like decent housing, healthcare and support for our children.
"We will also use the power of the state to invest to grow our economy, create good jobs in every region and nation and tackle the climate emergency.
"The Conservatives will be able to read all about these plans - and how much they actually cost - when we publish our fully-costed manifesto."
It comes as the Tories revealed plans to quadruple the number of migrant workers that can take up seasonal work on British farms from next year.
The Sunday Telegraph reported that the Prime Minister has approved plans to allow fruit and vegetable farmers to hire up to 10,000 workers from outside the EU for temporary roles.
- Party leaders will display a rare moment of unity as they pause their campaigns to pay their respects at the National Service of Remembrance at the Cenotaph on Sunday morning.
- Labour is considering plans for a universal basic income in its "most radical" manifesto yet, shadow chancellor Mr McDonnell told the Independent newspaper.
- Brexit Party leader Nigel Farage warned the Tories the "clock is ticking" to secure a Leave alliance at the General Election.
- The Lib Dems are proposing to scrap settlement fees for Armed Forces veterans who were born outside the UK, while the Tories have said veterans will be eligible for a railcard giving them a third off the cost of train travel.
Elsewhere, Steve Baker, the chairman of the European Research Group of Tory Brexiteers, urged voters to "seize the opportunity to get Brexit done", warning: "It's now with Boris or it's never."
Writing in the Sunday Express, he said: "Only the Conservative Party can deliver Brexit in this election. A vote for any other party is effectively a vote for Jeremy Corbyn.
"That is because the Brexit Party cannot win a majority. It might not even be able to win a seat. But it is capable of splitting the Leave vote so that Jeremy Corbyn gets into power."
The figures come after a disastrous start to campaigning by the Tories. Jacob Rees-Mogg suggested that victims of the Grenfell Tower fire should have ignored fire brigade advice to stay put, and Welsh Secretary Alan Cairns was forced to resign over his former aide's role in a rape trial.