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General election live: Starmer says 'not true' that Abbott barred from standing for Labour - BBC News | General election live: Starmer says 'not true' that Abbott barred from standing for Labour - BBC News |
(32 minutes later) | |
Sticking with Labour for now, let's take you to a last-minute news conference that the party arranged in London this afternoon. | |
Shadow Treasury chief secretary Darren Jones, leading it, highlighted the costs associated with policies set out by PM Rishi Sunak during the election campaign. | |
He claimed the Tories had so far promised "£71bn of unfunded spending commitments" and warned that could result in a 2.5% point hike to interest rates. | |
He also warned that the Tories "had not learned the lessons" from former PM Liz Truss's short stint in power, which resulted in a period of political and economic turbulence, forcing her to ditch tax cuts that sent financial markets into a tailspin. | |
The Tories will send the economy "sliding back into recession," he told reporters, and ordinary people will see their mortgage bills rising again: "Liz Truss's kamikaze budget is now being followed by Rishi Sunak's kamikaze manifesto." | |
The Conservatives are yet to respond. | |
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