'Black Hole' in Black Hole Claim
Labour have rounded on the Tories following an independent report suggesting that there is only an eleven billion pound black hole in the Labour Party spending plans, not twelve billion as the Tories have suggested.
A New Labour spokesperson said that "This independent report proves that there is a black hole in the Tories black hole claim"
The study, by the Institute for Fiscal Studies, says that the Chancellor's expectation of a 30% increase in corporation tax receipts is optimistic, and that the Chancellor has consistently over-estimated his tax revenue by around £10bn a year.
Oliver Letwin is back in hiding.
A New Labour spokesperson said that "This independent report proves that there is a black hole in the Tories black hole claim"
The study, by the Institute for Fiscal Studies, says that the Chancellor's expectation of a 30% increase in corporation tax receipts is optimistic, and that the Chancellor has consistently over-estimated his tax revenue by around £10bn a year.
Oliver Letwin is back in hiding.
