Five Things We Learned From Labour's Manifesto

Written By Unknown on Senin, 13 April 2015 | 20.49

Five new things we learned from Labour's manifesto:

1. "The Budget Responsibility Lock"

Sounds complicated - but is actually quite simple.

Every policy in the manifesto is paid for and requires no additional borrowing.

This is Labour's attempt to gain credibility on the economy - where they know they have work to do.

It is also the reason why there's a slight lack of blockbuster policy announcements in the manifesto - they want the focus to be on fiscal responsibility

2. A faster rising minimum wage.

Labour want to make the minimum wage rise more quickly, and have committed to it reaching at least £8 an hour by 2019 (previously it was 2020).

This is a key area for Ed Miliband, who is trying to portray himself as on the side of the workers, not big business.

The first line of their manifesto is "Britain only succeeds when working people succeed."

3. Rail fares frozen for a year.

Remember the Conservatives promising a freeze in fares?

This is Labour's answer - even if it's only for a year. They are also promising to protect tax credits in real terms.

4. Wraparound childcare from 8am until 6pm.

A Labour government would force all primary schools to provide wraparound childcare from 8am to 6pm in the form of after school clubs or breakfast clubs.

Could be a vote winner among one of Labour's key target groups - women - who are more likely to be undecided, so key swing voters.

5. Ed Miliband hasn't yet pulled his rabbit out of the hat.

Yes, we learned some new policies today - but there was no real belter.

It's clear they are saving some policies back until later in the campaign.

But remember - Labour has committed to no unfunded commitments - so for every new policy give away, expect tax rises or spending cuts too.

Today, Ed Miliband promises not to put up the basic of higher rate of income tax, VAT or national insurance. So the real question of the next few weeks will be - where is the axe going to fall?


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