Shadow Chancellor John McDonnell, commenting on the Tory-DUP deal,
said:
“The price of Theresa May’s political weakness is now becoming clear. The
same Conservative Party which spent the recent election campaign saying there
was no money available for the crisis in the NHS and schools has now found at
least £1 billion to buy a Parliamentary majority, with some reports suggesting
it could be as much as £2bn.
"As this is additional spending beyond that laid out in the Spring Budget,
the Chancellor must now come forward with an explanation as to how it will be
funded. In the context of a forecast increase in Government borrowing this
year, the public must be told whether this additional spend will be funded
through spending cuts elsewhere, additional tax rises or more borrowing.
"There are also important questions to be answered about the
implementation and fiscal consequences of devolving corporation tax, VAT and
Air Passenger Duty, as well as what this could mean for other devolved administrations.
“Let’s call this grubby deal what it is:
this is a straightforward political bribe to desperately prop up Theresa May in
office.
"This Tory-DUP deal is clearly not in the national interest but in May’s
party’s interest to help her cling to power.”
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