Tories: Government not on track with economy

ODN

The government isn't on track to help the economy despite figures showing that borrowing is falling, according to Shadow Chancellor Sir Mel Stride. He claims the economic situation is worse than what was inherited from the Conservative Party and argues spending must be brought under control.   Report by Johals. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00If you look at borrowing, in fact, the borrowing figures for the last year are 70% higher than the

00:05plans that they inherited from the last Conservative government.

00:09And of course, if you borrow vast amounts of money, spend large amounts of money, you inflate the economy, you

00:13get higher inflation, which makes people poorer.

00:16So we need a fundamental reset, which should be about getting on top of public spending, particularly the welfare bill,

00:21getting people into work, and then lowering taxes and helping business and getting growth going.

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