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		</div><p>Labour would plunge Britain into an economic crisis “within months”, Sajid Javid has warned, as he defended the Conservative’s claim that Jeremy Corbyn’s policies would cost £1.2tn (€1.3tn)</p>
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<p>The British Chancellor said the opposition would spend an extra £650 million a day if they win the General Election – labelling the levels of spending “eye-watering”.</p>
<p>But Labour has condemned the analysis as a “ludicrous piece of Tory fake news” and an “incompetent mish-mash of debunked estimates and bad maths”.</p>
<blockquote><p>These are eye-watering levels of spending &#8211; £1.2tn (€1.3tn). It will be absolutely reckless and will leave this country with an economic crisis within months, not years.</p></blockquote>
<p>Mr Javid said the proposals – which include plans to renationalise rail, mail, water and energy – were “absolutely reckless” and equivalent to funding the entire NHS budget for nine years.</p>
<p>He told BBC One’s The Andrew Marr Show: “This is the true cost of Corbyn’s Labour: these are the numbers that John McDonnell did not want you to see, and they’re out there today…</p>
<p>“These are eye-watering levels of spending – £1.2tn (€1.3tn).</p>
<p>“It will be absolutely reckless and will leave this country with an economic crisis within months, not years.”</p>
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<p>But shadow chancellor John McDonnell said: “Labour will tax the rich to pay for things everyone needs and deserves, like decent housing, healthcare and support for our children.</p>
<p>“We will also use the power of the state to invest to grow our economy, create good jobs in every region and nation and tackle the climate emergency.</p>
<p>“The Conservatives will be able to read all about these plans – and how much they actually cost – when we publish our fully-costed manifesto.”</p>
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