Conservatives could push up cost of personal loans

12 April 2005

The Conservative party's plans for the economy could mean higher rates on personal loans, Tony Blair has claimed.

Mr Blair told journalists this morning that a Tory government would be bad news for the economy.

The Conservatives are claiming that they can cut waste in order to fund additional spending on public services and tax cuts.

But Mr Blair described the Tory plans as a "mess" warning voters that they would threaten economic stability and lead to higher interest rates.

Borrowers have benefited from lower interest rates and cheaper personal loans.

The government will be hoping that its economic record will be good enough to secure a third term in office.

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