In an interview with The Andrew Marr Show, Labour Shadow Chancellor John McDonnell claimed his party’s re-nationalisation plans wouldn’t cost the taxpayer a penny, Sunday 28 October 2018.
Despite Marr pushing McDonnell with the £176billion figure – what the CPS calculated back in January Labour’s plans would cost – McDonnell repeated his previous claims that the taxpayer would not face any financial burden.
- Mail on Sunday: John McDonnell says Labour’s massive re-nationalisation plan will not cost the taxpayer a PENNY despite analysis showing nation would have to splash our £186billion to pay for it
- The Sun: John McDonnell claims Labour’s huge renationalisation plans won’t cost the public a penny
- The Express: Andrew Marr dismantles John McDonnell as he claims re-nationalisation plans are cost free
- City A.M.: Shadow Chancellor declines to put cost on massive renationalisation plans
In response, Robert Colvile, CPS Director, spoke to Clive Bull’s LBC radio show and explained how our report looked in detail at Labour’s plans and came up with the conservative figure required for upfront borrowing of £176bn.
Date Added: Sunday 28th October 2018
