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Borrowing figures confirm Osborne set to break his promise to balance the books by next year

Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to today’s public sector finances, said:

“Today’s public borrowing figures confirm that George Osborne is set to break his promise to balance the books by next year, and on top of that so far this year he has borrowed £37 billion - more than the same period last year.

“Borrowing is now expected to be almost £190 billion more than planned under this government. This is the cost of three damaging years of flatlining and falling living standards we have seen since the election.

“Labour will balance the books and get the national debt falling as soon as possible in the next Parliament. And we will we will do so more fairly by reforming our economy for the long-term and reversing David Cameron’s top rate tax cut for the top one per cent of earners and we will act to secure a strong and balanced recovery that delivers rising living standards for the many, not just a few at the top.”

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