Labour have ‘crippled’ the economy says Jeff Banks in devastating assessment of nation’s finances

“Why was that? Because the hike in National Insurance meant a minimum wage. “It meant that employers are not going to employ young people whom they would otherwise have employed.”“We've actually got the highest level of debt that we've had, standing at something like £94 billion.“And we're paying an interest rate at a massive rate each year that is bigger than the economy of the NHS, defence, and all the rest of it put together,” Mr Banks informed. “We are paying the highest energy cost of any country in Europe as a result of Ed Miliband and his lunatic policies.“The cost of a watt of electricity in the UK is £0.26 per watt in France. It's £0.16 per watt in America. “So we are paying twice and three times the cost of electricity. That's in just households. That's without industry. “All of that as a result of Ed Miliband,” Mr Banks despaired. The businessman explained that Britain’s bond market was also in serious trouble. “The outside world looks on us as being a mistrustful country. “So that is what this government has done to our economy. “They’ve crippled it, and they've nowhere to go,” Mr Banks said. Our Standards: The GB News Editorial Charter