CRAWLEY MP BLASTS LABOUR SPENDING RECORD
New research has shown that someone on average earnings in Crawley will spend 22 days just paying the interest on Labour’s debts.
Labour left the country with an annual overspend of £156 billion, greater than at any point in our peacetime history. Money spent just paying the interest on their £790 billion debt bill is money that could otherwise be spent on front line services.
Henry Smith MP said, “Labour’s addiction to debt means each and every taxpayer now has to spend weeks of the year working just to pay the interest bill. The economy is still in real difficulty and we have been left with the highest deficit out of any G20 nation and the second highest deficit (after the Republic of Ireland) of any EU country. The United Kingdom is now spending £4 for every £3 that it earns, servicing £120 million alone worth of interest on the country’s debt each day, which is clearly unsustainable and therefore we must take difficult decisions now to address this crisis otherwise the economic damage and future cuts would be worse.
“If we listened to Labour the debt would be £100 billion higher. They must never be put in charge of our public finances again.”
Follow Henry daily on Facebook by visiting: www.facebook.com/henrysmithmp