By Money Web
The Labour Party’s Shadow Chancellor John McDonnell recently promised 55 billion pounds ($70.64 billion) of extra spending a year on investment, if elected on December 12, considerably more than the 20 billion in extra annual spending on capital projects that Chancellor of the Exchequer Sajid Javid has pledged. Voters might wonder, if a little more spending is good, why wouldn’t a lot more be even better?
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