United States

General election 2019: Tory and Labour spending plans 'not credible' - IFS

Neither the Conservatives nor Labour are offering "credible" spending plans ahead of the general election, an influential research group has said.The Institute for Fiscal Studies (IFS) said it was "highly likely" the Tories would end up spending more than their manifesto pledges.Labour, it warned, would be unable to deliver its spending increases as it has promised.Neither party was being "honest" with voters, IFS director Paul Johnson said.The Liberal Democrats' manifesto, he said, would involve lower levels of borrowing than under Labour or the Conservatives, but would still be seen as "radical" in "most periods". However, he added that, given the uncertainty around Brexit, it was difficult to determine what the exact effects of ...