This week the Labour Party published its 2015 Manifesto, embedded with the Labour idea that Britain only succeeds when working families succeed.
The Manifesto is ambitious yet responsible. After five years of broken Tory promises, Labour has set out an accountable plan to address our economy without abandoning working families.
Every policy in the Manifesto is fully funded without additional borrowing. The Coalition Government borrowed more in the last four and a half years than the last Labour Government did in thirteen years, and if re-elected plan for more cuts in the next three years than we have already had in the last five.
This election, Labour has a new approach – big reform, not big spending. We need to help working families, and Labour hopes to do this by tackling the factors to lead people to claiming welfare at the source, such as low pay and low levels of house building.
Labour will reward hard working people by:
- Raise the National Minimum Wage to £8 by October 2019.
- Protect tax credits, upon which many families, especially those with children, rely.
- Refuse to raise basic or higher income tax, National Insurance, and VAT.
- Ban exploitative zero hours contracts.
- Freeze energy bills.
These policies, along with many others, are secured by Labour’s proposed Budget Responsibility Lock.
As a member of the Co-operative Party, I am pleased to see many policies shaped by co-operative principles. Co-operative and mutual businesses will have more access to finance via the British Investment Bank, credit unions will have more support and people-powered public services will have room to grow.
Labour want fair fiscal rules, shared prosperity, and increased devolution for an efficient government. Redistribution of power and wealth are at the heart of this Manifesto.
Read the Manifesto in full here.