Kevin Schofield is Politics Editor of HuffPost UK.
But an economist at the highly-respected Institute for Fiscal Studies , Ben Zaranko, has said the real figure is only £20 billion.
“If you instead assume a baseline of spending frozen as a % GDP, it’s an extra £20 billion over 6 years.” “If you instead assume a baseline of spending frozen as a percentage of GDP it’s not actually £75 billion extra, it’s £20 billion because you would have been spending that £55 billion already.
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