MPS highlight £5.8bn cost of Corbyn’s pledges

Jeremy Corbyn’s unfunded spending commitments would leave Britain paying an extra £5.8billion in debt interest payments a year by 2021, 144 Tory MPS have warned.

In a letter to John Mcdonnell, the shadow chancellor, they warn he could be forced to raise taxes or break manifesto pledges. They claim Labour plans, including renationalising the railways and energy sector, and ending the benefit freeze, mean public sector net debt will be £250billion higher under Labour than the Conservatives by 2021-22.

It comes after the Labour leader was forced to clarify that he does not plan to eliminate historic student debt.