Published On: Wed, Dec 4th, 2019

Election POLL: Do you trust John McDonnell to deliver his £6,716 pledge? VOTE HERE | Politics | News is now asking whether you, our readers, trust John McDonnell to deliver his £6,716 pledge. The told an election rally today that, by contrast, the Conservative Party has hit ordinary people in the pocket to the tunealmost £6,000 through rising bills. A dossier from the claimed its policy of re-nationalising the water industry would save families on average £113, while bringing energy firms into public ownership would save £559.

In its general election manifesto, the party confirmed plans to nationalise BT Openreach to provide free broadband, and claims that would save a further £364.

Expanding free childcare, slashing rail ticket prices, introducing free prescriptions and free school meals would also save £5,500 in total.

Speaking at a rally in Birmingham on Wednesday, Mr McDonnell said: “As Chancellor I want to ensure Government has sound finances, but I want more than that. I want every family, every household in Britain to have sound finances.

“That means putting a stop to rip-off Britain and making real change so that people are not powerless in the face of profiteering monopolies, bad bosses at work and cast aside by a government that just stands by.

“Judge me on the public finances, but judge me too on the money in your pocket. You deserve better, and you will be better off under Labour.

“Where the Tories have failed, a Labour government will be on your side.”

But the claims of the massive savings from the Shadow Chancellor have immediately been torn apart by the Conservatives.

Rishi Sunak, the Chief Secretary of the Treasury, raged it “defies belief” as Labour’s manifesto contains several policies that would see huge tax rises for “hardworking people”.

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“Labour can’t be trusted with the economy and their reckless pledges will mean higher bills and more tax for everyone.”

Last month, the TaxPayers’ Alliance lashed out at Jeremy Corbyn’s plans to wallop Britons with a £2,400 every year, warning the spending splurge has gone “too far” and will lead to “eye-watering tax hikes”.

The Tory analysis claimed Britons would “suffer” because of Labour’s runaway spending bonanza, which could blow a huge £1.2trillion hole into the pocket of taxpayers.

It assumes Labour would allocate just over half of this (£651billion) of this to day-to-day Government spending.

The Tories argue, according to current tax levels and with Labour’s own borrowing rules, the party would only be able to raise £277billion – leaving a massive shortfall of £374billion.

Boris Johnson’s party has divided that figure by the 31.199million taxpayers in the UK to put a cost of £12,000 per person over five years to close the gap – working out at £2,400 a year.

TaxPayers’ Alliance Political Director James Roberts told “Being threatened with a £1.2trillion tax grab shows the election spending spree has gone a step too far.

“Taxing an extra £2,400 per person every year could mean a whole host of eye-watering tax hikes on everything from your monthly payslip, to moving home, flying away for a holiday or driving to work.”

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