Labour’s plans to reduce school fees will merely benefit the better off graduates, not those working at more modest salaries. It has now been shown pretty comprehensively that this will be the effect of their plans.  In fact, “Labour’s plan to cut tuition fees to £6,000 is a financially illiterate policy” according to Martin Lewis from MoneySavingExpert.com

But Labour also claim that the solution to the financial challenges the country faces is to tax the rich more – so why are they so proud of a policy designed to benefit the better off?

Looking back to the majority of the last time that Labour formed a government and we can see the strong financial position the country was in – so did they plan for the future? Did they leave the finances in a strong place?

We all know what happened. Whether or not it was the fault of the Labour Government or not is a separate question, but what they failed to do was to prepare for the downturn on the economic cycle, instead, choosing to believe their own rhetoric.

The problems of managing the financial downturn would have been nowhere near as difficult if the Labour Government had prepared for the future, instead of wasting the opportunity to plan for the future, while overseeing massive growth in GDP.

Borrowing in difficult times may flatten the economic downturn, but repaying that borrowing during periods of growth is equally, if not more, important.

Labour have little place to lecture on economic management.

Perhaps I should not have been surprised at a comment on a post I made about student fees that the lies on student fees are unimportant as long as people believe the lies.

It is time for politicians to stop telling lies.