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The SNP MP claimed Chancellor Rishi Sunak should announce a whopping £98billion package to the Commons today in a bid to support businesses across the country. But as BBC host Naga Munchetty asked her how and when the extra borrowing would be paid back, Ms Thewliss struggled to come back with a concrete answer. The SNP MP said: “The crisis we face is probably the biggest crisis we have faced since World War 2. The spending has to meet the challenges we face.
“The Government can borrow and should be borrowing to meet these demands, as governments are doing around the world. We look to Germany and France and New Zealand, and we think a stimulus package of £98billion, akin to what they are putting into their economies to make sure they get through this crisis.”
Asked how the money would be paid for, she added: “Much in the same way as war debt was paid for. This is something we would pay back over time.”
“Through taxes?” the BBC host asked.
Ms Thewliss replied: “I don’t think it would be right to raise taxes just now because so many people are out in a difficult time.
“Government can put these debts into the future and we can pay this over time. It will take time to pay down, but the Government is able to do that.
“A responsible government needs to look at these issues today. If the Government doesn’t look after people today, it will cause greater economic scarring in the future.”
But Naga stressed: “And by addressing this today, at some point I the future it will have to be paid for. What would be your time frame?
“It’s all very well laying out the plans for now, but we, the public, have to know how this is going to affect us in the future. How it is going to affect us in five years, ten years. Who is going to be paying for this?”
The SNP MP said: “Well, we will pay for this in the future. This is the way that government debt works. We need to work, look at the here and now.”
More to follow…
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