Philip Hammond Brands Labour's Tuition Fee Pledge "Irresponsible And Undeliverable"

2 October 2017, 09:27

The Chancellor of the Exchequer said Labour's policy was more attractive than his party's but would never be delivered.

Theresa May has opened her Conservative party conference with policy pledges intended to woo young voters: a tuition fee freeze and fresh investment in the Help to Buy scheme.

Nick Ferrari quizzed Philip Hammond about the promises, arguing young people would always vote to abolish tuition fees ahead of freezing them.

The Chancellor of the Exchequer accepted the point but asked voters to recognise how unachievable Labour's policy was.

Philip Hammond speaking to Nick Ferrari at the Conservative party conference
Philip Hammond speaking to Nick Ferrari at the Conservative party conference. Picture: LBC

He labelled scrapping tuition fees "deeply irresponsible" and said that the Labour pledge "cannot credibly be delivered."

"Jeremy Corbyn's proposition is that we will borrow hundreds of billions of pounds more money - that will burden the future generation.

"The frustration is that we had these arguments and debates in the 1970s and we decisively turned our backs on this kind of fantasy economics.

"That you can borrow, that you can nationalise, that you can cap and you can control and somehow make people better off.

"We learnt in the 1970s that it doesn't work like that, it ends in ruin. It ends in the people who are supposed to be being protected being damaged the most."

Watch the interview above.

More Nick Ferrari

See more More Nick Ferrari

Minister quizzed on tweet where he described Trump as 'cancer'

Minister Bim Afolami says tweet in which he referred to Donald Trump as 'a cancer' is appropriate

Lee Anderson

Police 'looking into hate speech complaint against Lee Anderson' after MP said Sadiq Khan was controlled by Islamists

Richard Tice said he turned down two Tories who tried to join the party

Reform UK leader Richard Tice says he rejected two Tory MPs who tried to defect in the last year

Michael Tomlinson repeatedly refused to answer Nick Ferrari's question

Nick Ferrari cuts off minister who refuses to answer his questions nine times over Lee Anderson's 'Islamophobic remarks'

Rishi Sunak is facing a revolt for sacking Lee Anderson

Lee Anderson refuses to apologise for 'Islamist' comments as he doubles down on criticism of Sadiq Khan

Rishi Sunak is facing a revolt for sacking Lee Anderson

PM denies Tories have 'Islamophobic tendencies' as minister says Lee Anderson's comments were 'profoundly wrong'

Dame Esther Rantzen has told LBC why she is campaigning to change the law on assisted dying

‘Dogs get treated better than humans’, Esther Rantzen says, as TV legend demands assisted dying law change

Rishi Sunak (l) puts on a brave face to the Tories by-election defeats on a visit to Harlow. New Kingswood MP Damien Egan (top r) and Wellingborough MP Gem Kitchen (bottom r)

Rishi Sunak begs frustrated Tories 'not to put Starmer in power' after party suffers double by-election disaster

New Labour MPs Damien Egan and Gen Kitchen

'They are not very good results': Tory chairman admits after double by-election drubbings as MPs call for tax cuts

The peer was speaking to LBC's Nick Ferrari at Breakfast

'It was known yesterday' Azhar Ali had made more Israel conspiracy theory comments, peer tells LBC

Scammers should be treated like violent criminals, a senior anti-fraud officer has said.

Scammers should be treated like violent criminals, senior anti-fraud officer tells LBC

The vessel is due to lead the largest Nato exercise since the Cold War, involving more than 40 vessels, after its sister ship was forced to cancel its deployment because of an 'issue' with its propeller shaft.

HMS Prince of Wales docked while it should be 'defending our interests abroad', Minister brands it 'not acceptable'

Lord Rose took aim at government quangos in the wake of the Post Office scandal

'They grow like multi-headed hydras': Asda chairman takes aim at government quangos after Post Office scandal

Lord Stuart Rose speaking to LBC's Nick Ferrari

Police 'not picking up the phone' to attend shoplifting 'endemic', Lord Stuart Rose tells LBC

Dentists who set up practice in areas of England with poor access to NHS care will be offered a £20,000 bonus

Health Secretary Victoria Atkins stumped on exact figure for new dentists as ministers plan £20,000 ‘golden hello’

When asked by Nick to sum up the Government in one word, Ms Keegan said: "Delivering."

Gillian Keegan rates the Government using Ofsted descriptions - and it's not 'Outstanding'