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Conservative and Labour's spending plans criticised as 'not credible'

The spending plans of both the Conservatives and Labour have been criticised as 'not credible' by the Institute for Fiscal Studies (IFS).

The influential research group's director Paul Johnson warned that neither the Conservatives or Labour were being 'honest' with voters. The IFS claimed that it was "highly likely" that the Conservatives would spend more than their manifesto pledges and that Labour would be unable to deliver its promised spending increases.

It was noted that the Lib Dems manifesto pledges would require lower levels of borrowing, but still levels that may usually be seen as radical.

The IFS has analysed party manifestos ahead of the election but did say that Brexit may make the actual spending and borrowing levels difficult to predict.

Both Boris Johnson and Jeremy Corbyn have said that their party's manifestos are "fully costed" - you can read more about the election pledges of all the major political parties in our Election Centre.