SNP manifesto is short-term thinking leading to long term debt

Scottish Liberal Democrat Scottish Secretary Alistair Carmichael has said that the SNP’s manifesto is short-term thinking lead to long term debt.

At the launch of the SNP’s General Election Manifesto today, Nicola Sturgeon confirmed the SNP’s £180bn borrowing plan – which would cost £3.1bn each year in interest repayments alone.

The SNP also sought to rebrand their full fiscal autonomy plans in a bid to deflect from the £40bn black hole it would create in Scotland’s public finances.

Commenting, Scottish Liberal Democrat Secretary of State for Scotland Alistair Carmichael said:

“This is a manifesto of short-term thinking leading to long-term debt.

“Instead of taking the opportunity to map a route out of debt, Nicola Sturgeon is sticking with a plan to plunge the country further into it.

“The policies announced today are based on billions of pounds of borrowed money.

“The annual interest payments for that extra debt alone is the equivalent of £305 a year for every one of the 854,000 Scottish children who would grow up to foot the bill for the SNP’s added borrowing.

 “They want to drag Scotland and the UK back to 2010 with their plans to borrow even more than Labour.

 “Their desperate bid to rebrand full fiscal autonomy will not deflect from the £40bn black hole it would create in Scotland’s public finances.

“In each of our eleven held seats, the choice is clear. People can either have Liberal Democrats influencing the Government, balancing the books by 2018 and doing it fairly. Or they can have the SNP’s fantasy economics, putting at risk the growth we fought tooth and nail for following Labour’s mess.”

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