Labour’s plans would bring above-average investment but could still mean a “squeeze” on budgets for repairing schools and hospitals, the Institute for Fiscal Studies has said.
The IFS estimated this would mean, by the end of the next parliament, an extra £20 billion being spent per year on top of the £8 billion the Conservatives have already planned, increasing public sector investment to 2.6% of GDP compared to an average of 1.6% since the late 1970s. He said: “Current policy is for overall capital spending to be held more or less flat in cash terms after 2023–24.
He added: “It is clear that the specifics of things such as how Labour would redesign the Contracts for Difference scheme, or how its £2 billion Battery Power Fund would work, or how the new publicly owned energy company functions, will determine whether or not these are billions well spent.”
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: Observer_Owl - 🏆 18. / 72 Lees verder »