Labour’s lousy maths

AS polling day dawns, the independent Institute for Fiscal Studies warns that Mr Corbyn’s economically illiterate manifesto will cost the average household £750 a year, with those earning more than £56,000 stung for an extra £2,700.

That’s before businesses hit by his tax raids are forced to pass on extra costs to consumers (assuming such firms survive).

Rejecting the claim that only companies and the very rich will pay for extra spending of £75billion a year, IFS chief Paul Johnson says: ‘It absolutely doesn’t add up.’

But then who but the seriously naïve and deluded ever believed it did?