Economists are predicting trouble ahead ( the country going bankrupt ) if the LP go ahead with their spending plans, .....
Which economists would that be, lemon? Have you any links? I understand the the FT is rather positive about LP plans.
Are you aware that the tory party has announced spending plans of much the same magnitude as Labour's? How do you think they're going to manage it?
Of course, most economists know that a country with its own sovereign currency cannot 'go bankrupt'. They also know that increasing the money supply, or borrowing, will not make the UK end up like Venezuela or Zimbabwe, or any other place you'd like to name. Some countries have been doing it for years with no detriment. Japan, out of industrialised nations, runs the most enormous deficit yet remains productive and prosperous...
Perhaps you should study a bit of economics...
Incidentally, the IMF have said that austerity wasn't necessary...