Sajid David’s estimations are dismissed by his successor, John McDonnell as ‘ludicrous’.
However, Labour’s would-be finance minister, John McDonnell, dismissed the Conservative estimates as “ludicrous” and a “mish-mash of debunked estimates and bad maths”. McDonnell said in an interview for the Sunday’s Independent that the party’s manifesto would be “the most radical ever” and include a pilot for a universal basic income, and reiterated his desire to block expansion of London’s Heathrow airport.
McDonnell, 68, promised to borrow and spend even more – 400 billion pounds over 10 years. He said interest payments on government borrowing should not exceed 10% of tax revenues.
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