UK FinMin Javid: Opposition Labour Party would trigger economic crisis

Dhwani Mehta FXStreet

Referring to a contested dossier published by his Conservative Party, the UK Finance Minister Javid told BBC on Sunday, the opposition Labour Party’s spending plans would trigger an economic crisis within months, per Reuters.

Javid noted: “These are eye-watering levels of spending - 1.2 trillion (pounds) - it will be absolutely reckless and will leave this country with an economic crisis within months.”

Meanwhile, his Conservative Party continues to lead in various opinion polls ahead of the December 12 general election, which could lend some support to the GBP bulls.

UK Election Polls: Conservatives remains in lead over Labour – GBP positive

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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