Will Labour Government Spending Bankrupt Britain? UK Debt and Deficits.

By: Nadeem_Walayat

Labour under Jeremy Corbyn is literally promising voters everything under the sun! Scrapping Universal Credit, Giving all public sector workers a 5% Labour pay hike bribe, Free personal care fore the elderly, scrapping of tuition fees, £30billion Increase in annual NHS spending!

All of which translates into an increase in government day to day spending of about £80 billion, or 10% per year!

AND additional 'investment' spending of £55 billion a year. For a total annual increase in spending of £135 billion, more than 2.5X the tax bribes of 2017! And that's EXCLUDING Labours plan for mass nationalisation. a bill for which runs into the hundreds of billions!

My next analysis in this series of lessons learned from 2017 in forecasting the outcome of UK general elections will look at the impact of the current state of the economy on the prospects of the 2019 election, are average earnings rising at fast enough of a pace to boost Tory electoral prospects or not?

UK General Election 2019 Forecast Analysis

1. UK House Prices Momentum General Election Core Forecast
2. Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast
3. What the UK Economy Predicts for General Election 2019
4. Marginal Seats Election Predictor
5. Social Mood and Momentum Election Impact
6. Opinion Polls and Betting Markets, UK General Election Forecast Conclusion

The whole of this analysis has first been made available to Patrons who support my work: Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast

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Your Analyst

Nadeem Walayat

http://www.marketoracle.co.uk

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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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