.@TimkCPS breaks it to Labour gently, the real world might be slightly more complicated than they think https://t.co/zKw4tTrzZA pic.twitter.com/ZMuf6KnGAz— CPS Think Tank (@CPSThinkTank) May 17, 2017
Labour's uncosted manifesto has received a thorough financial kicking from people/organisations with some knowledge/understanding of how the real world works.
Paul Johnson, director of IFS, said:
“They are looking at raising an awful lot from companies and high earners. The chance of getting £50bn are pretty small. It seems to us is that if they were able to raise that amount that would take tax burden in the UK to its highest level in 70 years."John O'Connell, chief executive of the TaxPayers' Alliance, said:
"This entire manifesto is based on the clearly absurd belief that businesses can be repeatedly hammered with massive tax increases and crippled with regulation without any wider impact on the economy, jobs and investment.Ironically the coup de grace was delivered by that tired old union dinosaur, McCluskey of Unite, who doesn't think Labour has a cat's chance in hell of winning and said that holding on to 200 seats - a loss of 29 seats and its worst result since 1935 - would constitute “a successful campaign”.
If even a handful of these disastrous ideas were implemented it would mean misery for the many and employment for the few.”
Fair enough, Corbyn and co want to drag Britain backwards; why not back to the 1930's?