Name: 傑里米-科爾賓的支出計劃會讓英國破產嗎？| 報道 (Will Jeremy Corbyn's spending plans bankrupt Britain? | FT)
Uploaded: 2021-01-14T09:54:04.000Z
Duration: 2 min 24 s
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There's been a huge row over Labour's tax and spending plans

未來簡單式

The Conservatives say they'll blow a £1.2tn hole

in the nation's finances, creating a tax bombshell.

It says higher tax will pay for day-to-day spending

and it will only borrow for higher capital spending.

Some £55bn a year for transport, broadband, green energy,

That's a lot more, more than doubling current public sector

It's also a lot higher than the Conservatives' promise.

Labour plans would raise government investment back

That's over 4 per cent of national income,

raising some big questions about whether Britain

can finance its borrowing, and whether it'll be well spent.

The Chancellor, Sajid Javid, says they'll run scared.

He was talking about Labour creating an economic crisis

But on the financing question, the government bond market

The UK government can borrow for 10 years

at a cost of only 0.75 per cent, a little up from a month ago

We also talked to many people in the markets.

The main view was that investors would be willing to finance

For example, Mark Dowding, chief investment officer

at BlueBay Asset Management, summed up the view saying,

there was a once in a generation opportunity

But you shouldn't think that because bond investors are

prepared to fund big spending, they think it's a good idea.

Many we spoke to thought pushing so much money out of the door

so quickly would lead to waste and bad investments.

The bond market isn't full of vigilantes at the moment,

even if they think the proposals won't work.

they'll still be repaid, with at least some interest.

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傑里米-科爾賓的支出計劃會讓英國破產嗎？| 報道 (Will Jeremy Corbyn's spending plans bankrupt Britain? | FT)

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