Jennifer Whitmore accused the government of being 'epic wasters', stating public spending has increased by 50% alongside a deteriorating housing crisis and record homelessness.
Prime Minister Mark Carney is embarking on a comprehensive review of government spending, aiming for ambitious savings proposals to reduce operational spending by 7.5%, 10%, and 15% over three years.
Transport Secretary Heidi Alexander accused the previous Conservative government of wasting billions on HS2 due to poor oversight, mismanagement, and politically driven indecision.
According to the Lowy report, however, paying off these debts is now jeopardising public spending. Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies.