Craig Tracey issues local warning over Ed Miliband’s borrowing pledges

Craig Tracey, the local parliamentary candidate, has today raised a stark warning over new research showing Ed Miliband’s Labour Party would borrow £20.7 billion more in 2015/16 –  £1,200 for every local working household.

The published research is an objective, thorough and detailed cost analysis of Labour’s policies for 2015/16. It includes their policies that would save money, as well as spend money, and is based on official Treasury costings and public sources.


It shows that Ed Miliband’s Labour Party still wants to spend and borrow more – putting at risk all the recent progress in North Warwickshire & Bedworth, just as increased uncertainty in the international economy shows we need to stick with the Conservatives’ long-term plan to build a stronger and healthier economy.


Craig, who is standing in May’s general election for the Conservatives said:


“Ed Miliband’s Labour Party haven’t learned their lesson. With just four months until a crucial election, we’ve now found out they still want to spend, borrow and tax more – borrowing an extra £1,200 for every working household here in North Warwickshire & Bedworth.


“It hasn’t been easy, but with local businesses growing and jobs being created, the economy in local economy is getting stronger.  Since January 2010 local unemployment has fallen by more than 70% under this government with many local companies such as Sertec expanding and creating jobs.  But Labour would risk all that progress with more borrowing and return us to economic chaos. We need to stick with the Conservatives’ long-term economic plan that is helping turn our country around.


“The general election will be a critical moment for Britain’s future and the future of our local area, and there is a clear choice – between the competence of a long-term economic plan that is helping make families more secure in North Warwickshire & Bedworth or the chaos and instability that is offered by all the other parties.”


The cost analysis of Labour policy is available here -