Labour are a threat to our national security, our economic security and your family’s security.
They would:
- Weaken our defences through scrapping Trident, leaving NATO and abolishing our Armed Forces;
- Drive up the cost of living by printing money and borrowing more; and
- Put up taxes on jobs, investment and earnings.
These policies that the Labour Party voted for in the recent leadership election show that they would put Britain’s future security at risk.
Labour: a risk to our national security
- Scrap Britain’s independent nuclear deterrent. ‘I am against the replacement of Trident and the nuclear missile system that goes with it’ (Jeremy Corbyn, Warrington Leadership Hustings, 25 July 2015).
- Scrap our Armed Forces. ‘Wouldn’t it be wonderful if every politician around the world instead of taking pride in the size of their armed forces did what the people of Costa Rica have done and abolished the army and took pride in the fact that they don’t have an army, and that their country is near the top of the global peace index? Surely that is the way we should be going forward’. (Jeremy Corbyn, The Sun, 14 September 2015)
- Leave NATO: ‘I’d rather we weren’t in it’. (Jeremy Corbyn, New Statesman, 29 July 2015)
- Labour’s Shadow Chancellor: the IRA should be honoured for their ‘bombs and bullets’. In 2003, he said ‘It’s about time we started honouring those people involved in the armed struggle. It was the bombs and bullets and sacrifice made by the likes of Bobby Sands that brought Britain to the negotiating table. The peace we have now is due to the action of the IRA’. (John McDonnell, Daily Mail, 14 September 2015)
Labour: a risk to our economic security
Borrowing forever with a permanent budget deficit. ‘Labour should not run a current budget deficit – but we should borrow to invest in our future prosperity’. (Jeremy Corbyn, The Economy in 2020, 22 July 2015, p. 4)
- Higher taxes on businesses to cut the deficit – cutting ‘subsidies’, or tax reliefs that help manufacturers invest in new machinery. ‘We accept that cuts in public spending will help eliminate the deficit…Our cuts will be…to the £93bn in subsidies to corporations’. (John McDonnell, The Guardian, 11 August 2015)
- Print money to pay for more spending – ending Bank of England independence. A joint letter, signed by John McDonnell and Jeremy Corbyn, said: ‘There is an alternative way out of endless austerity. We need public investment to kickstart the economy out of faltering growth and to generate real job creation and rising incomes. It can readily be funded...through printing money (quantitative easing) to be used directly for industrial investment’. (Labour Assembly Against Austerity, 26 January 2015)
- Bank of England Governor Mark Carney said this would hurt the poor and the elderly. ‘The issue would be imperilling potentially the achievement of price stability. The consequence of that of course would be inflationary. The people who tend to get hurt the most by inflation are the poor, the elderly, those that can’t hedge themselves – that’s been the experience throughout history and I’m sure that will be the experience in the future if the Bank of England were not to conduct policy not consistent with achieving its mandate from parliament’. (Mark Carney, The Daily Telegraph, 17 September 2015)
- Opposes all welfare reform, including the benefit cap. In a debate on the Welfare Reform and Work Bill, McDonnell said, ‘I make this clear: I would swim through vomit to vote against the Bill, and listening to some of the nauseating speeches tonight, I think we might have to’. (John McDonnell, Hansard, 20 July 2015, Col. 1314)
All this means Labour are a threat to every family’s security.