Labour’s policy pledges on spending merit scrutiny | HugoGye
Sir Keir Starmer’s party says it will not borrow more to fund day-to-day spending, it will not raise taxes and it will endeavour to improve the standard of public services – how will it achieve this and is it being totally transparent?Labour Leader Sir Keir Starmer meets locals for a chat in the Cupcake Coffee Box on May 25 in Kirkcaldy, Scotland.
ahead of next year’s general election. First and most importantly, it will not borrow more to fund day-to-day spending.wants to cut the tax burden as a proportion of GDP. And finally, it will improve the standard of public services, partly through reform but partly by spending more on them. It is not possible to achieve all three of these goals, at least in the short term. Over time, GDP growth is a remarkable cure for almost everything that ails an economy; but a newly elected government cannot afford to wait.
Labour is not being entirely transparent about its approach. Will it fudge the promise on borrowing, push through stealth tax hikes or keep maintain the current spending levels which many experts believe are unsustainably tight?
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