How many times have I explained this? The debt was always going to rise considerably over these last few years as the deficit was huge. Hence austerity measures. It would be a complete miracle if that hadn't happened. Now that the deficit is slowly but surely being eliminated, it would be foolish to start a huge spending and borrowing spree which cannot be financed. All of these pie in the sky idealist policies of Corbyn's are completely irresponsible and damaging because they can't be paid for.
Many of his policies would result in less government spending, not more.
Take building a million new homes for instance, which would almost certainly result in the housing benefit bill (
£25 billion at last count) falling through the floor, lower rents across what remained of the private rental sector, take a significant number of people off the unemployment list in order to build the things
and would guarantee future income to the state over and above the initial cost via rents and sales.
Or take
his pledge to buy out PFI deals in the NHS and elsewhere, which makes so much economic sense that Boris did exactly that with the Tube-Metronet deal (and saved more than a billion pound) and the DLR (
£250 million). Buying out every PFI deal in the NHS would require more money up front, but we are almost guaranteed to spend less than we would over the length of the deal.