65452
SNP Leader Vows to Balance Budget
SNP Leader Vows to Balance Budget

SNP Leader Vows to Balance Budget

SNP Leader Vows to Balance Budget

Scottish National Party leader Nicola Sturgeon will pledge to end austerity with £118 billion ($151 billion) of spending across the UK in the next five years to boost public services and support families when the party sets out its manifesto this week, Bloomberg reported.
The party plans to balance the budget by the end of parliament in 2022, and will set to alleviate the pace of deficit cuts “in a responsible way” by balancing current spending, rather than aim for a surplus, the SNP said in a statement. It will also seek to stabilize net borrowing at its pre-financial crisis levels, while aiming to reduce debt from 2019.
The plans would allow a further £10 billion in spending on Scotland over the next five years. “Now, more than ever before, we need strong SNP voices to stand up to the Tories, and stand up for Scotland, at Westminster,” Sturgeon said.
“The SNP manifesto will set out a clear alternative to continued Tory austerity, and the unnecessary, ideological, and self-defeating cuts that have held back the economy, damaged public services, and hammered millions by squeezing family budgets.”
With less than two weeks before the vote, Sturgeon will set out her party’s election plans in Perth, in central Scotland, on Tuesday, after postponing the event following the terrorist attack in Manchester.
The SNP, which claims to be the only real opposition to the Tories in Westminster, won 56 of Scotland’s 59 electoral districts in 2015, some of which the Conservatives are aiming to claim on June 8. Sturgeon is pushing for another independence vote after Britain completes its Brexit deal. Scotland voted to stay in the European Union last year.

Short URL : https://goo.gl/ICdeS8
  1. https://goo.gl/7GS0ye
  • https://goo.gl/Dx4fQz
  • https://goo.gl/KSORUD
  • https://goo.gl/XUP2jA
  • https://goo.gl/WCov12

You can also read ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus