Labour spending plans do not add up, says Philip Hammond

Chancellor claims rival’s plans would leave £58bn black hole but justifies argument by including capital investment in calculation• General election 2017 – latest updatesThe spending and investment commitments in Labour’s manifesto do not make sense, the chancellor has said, arguing that the party’s plans would leave a fiscal gap of £58bn.Philip Hammond said he was correct to count both Labour’s general spending plans and planned capital investment