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Conservative tax plans and Labour borrowing will hit public services

April 7, 2015 10:08 AM
Originally published by UK Liberal Democrats

Unfunded Conservative tax giveaways and unnecessary Labour borrowing will devastate public services, Liberal Democrat research reveals.

Conservative tax plans mean George Osborne will be forced to slash another£7.2bn from public spending after the books are balanced.

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Under their plans it will mean that the Conservatives will have to cut 10,000 police officers, more than 28,000 homecare workers, 25,000 military personal, and axe 15 hours of free childcare for disadvantaged two-year-olds.

While Labour's plans to borrow £70bn more than the Liberal Democrats mean an extra £134 from every worker's tax will be needed to fund the extra cost of their debt interest.

Liberal Democrat Leader and Deputy Prime Minister Nick Clegg said:

"Gone are the days of compassionate Conservatism. Now they promise to cut and cut and cut. Not because they have to but because they want to.

"As George Osborne has said, the Conservatives will cut much deeper than is necessary to balance the books and make the poorest bear the heaviest burden.

"But at the same time they are promising tax giveaways for the wealthy, all of which must be paid for by yet more cuts to public spending.

"In the firing line are parents and police officers, soldiers and social workers.

"But if the Conservatives will cut too much, Labour will borrow too much.

"Labour will borrow £70bn more than we will - meaning an extra £4bn just to pay the interest on our debt. That's £134 for every single taxpayer thrown down the drain.

"Labour's failure to balance the books will leave future generations to pick up the bill.

"Only the Liberal Democrats will cut less than the Conservatives and borrow less than Labour, and have a plan to build a stronger economy and a fairer society, with opportunity for everyone."