Promises, promises: the Labour and Tory spending pledges

Shadow chancellor John McDonnell has pledged to renationalise the rail companies and utilities.Photograph: Anthony Harvey/Rex/ShutterstockThe 2019 election will be the first in decades where both Labour and the Conservatives promise to turn on the public spending tap. The manifestos have yet to be released, but both have already made multibillion-pound pledges as the era of austerity comes to an end.Labour’s major spending pledges focus on the NHS, benefits, homes and the renationalisation