IFS manifesto verdict: neither Tories nor Labour have credible spending plan
by Phillip Inman and Julia Kollewe from on (#4VSQY)
Respected thinktank describes stark choice between Labour's sweeping change and Tories pledging nothing new
The Institute for Fiscal Studies has attacked the spending plans of the UK's two main parties, saying neither election manifesto "is a properly credible prospectus".
In a wide-ranging review, the respected thinktank warned voters that Conservative party pledges to keep spending in check over the next parliament were likely to be torn up, leading to either higher taxes or higher borrowing.
Continue reading...