Exclusive: Reeves's new Budget lie exposed | The Daily T

Sir John Redwood, the former Conservative MP for Wokingham, treasury adviser to Margaret Thatcher and Welsh Secretary under John Major, has discovered a “borrowing bomb” in the Budget that no one has noticed. Rachel Reeves reminded us at the despatch box last week that her choice was “not austerity; not reckless borrowing; but cutting the debt”, going on to say that “I said I would cut debt and borrowing, and I meant it”. However, Sir John has discovered that, far from doing that, her plans will see an extra £1.3 trillion of borrowing and the total national debt rise to £3.53 trillion. He joins Camilla Tominey and Tim Stanley to explain how this Labour government’s “dreadful spending habit” will saddle the country with an eye-watering “debt mountain”. https://www.telegraph.co.uk/customer/subscribe/digitalsub/3for1/?WT.mc_id=tmgoff_pvid_conversion-subscription_editorial-iniative_03-22_EGW-13_organic_youtube ► Get the latest headlines: https://www.telegraph.co.uk/ ► Sign up to the Telegraph's free new daily newsletter, From the Editor, bringing you the latest news, features and analysis from the Telegraph newsroom: https://telegraph.co.uk/customer/secure/newsletter/from-the-editor/ #SirJohnRedwood, #RachelReeves, #UKBudget, #BorrowingBomb, #NationalDebt, #Treasury, #PublicFinances, #GovernmentSpending, #EconomicPolicy, #DebtProjections, #PoliticsUK