Labour government will mean ‘significant’ spending cuts, Swinney warns

The video discusses the Conservative Party's long-standing opposition to public expenditure and how this has shaped their political identity. It highlights the Labour Party's commitment to a similar fiscal rule as the Conservatives, which does not differentiate between investment and day-to-day spending. This alignment with Conservative fiscal policy could harm public services if implemented.

What distinction does the debt rule make between different types of spending?

What significant impact could the Labour Party's commitment to the Conservative outlook on public expenditure have?