Manifesto: Difference between revisions

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Under Labour’s plans, 95 per cent of taxpayers will be guaranteed no increase in their income tax contributions, and everyone will be protected from any increase in personal National Insurance contributions and VAT. Only the top 5 per cent of earners will be asked to contribute more in tax to help fund our public services. We renew our pledge not to extend VAT to food, children’s clothes, books and newspapers, and public transport fares.
 
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<div style="font-size:170%;">'''95 per cent of taxpayers will be guaranteed no increase in their income tax contributions, and everyone will be protected from any increase in personal National Insurance contributions and VAT''' </div>
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Compliance with the rule will be overseen by a strengthened and truly independent Office for Budget Responsibility, which we will make accountable to Parliament. We will also consult on implementing the recommendations of the Kerslake Review of the Treasury.
 
=== Infastructure ===
'''Our country and its people have been held back by a lack of investment in the backbone of a modern economy – the infrastructure of transport, communications and energy systems. And when investment has happened, it has been too concentrated in too few places.'''
 
Labour will make different choices. We will take advantage of near-record low-interest rates to create a National Transformation Fund that will invest £250 billion over ten years in upgrading our economy. We will ensure that the huge potential of every part of our country is met. The next Labour government will rebuild communities ripped apart by globalisation and neglected for years by government. We will rebuild and transform our economy so that it works for the many, not the few. So we will put in place tight rules to ensure that investment is fairly shared around every region and nation of the UK.
 
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<div style="font-size:170%;">'''We will tear down the barriers that have held too many people back.''' </div>
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A Labour government will complete the HS2 high-speed rail line from London through Birmingham to Leeds and Manchester, and then into Scotland, consulting with (and, where necessary, compensating) communities. We will link HS2 with other rail investments, such as Crossrail of the North (tying together our great northern cities) and on to the Durham Freight Centre. We will build a new Brighton Main Line for the South East.
 
In London, to ensure our capital continues to prosper, we will build Crossrail 2.
 
To harness the economic potential of new technologies and science, we will complete the Science Vale transport arc, from Oxford to Cambridge through Milton Keynes.
 
And we will deliver rail electrification and expansion across the whole country, including Wales and the South West.
 
We will transform our energy systems, investing in new, state-of-the-art low-carbon gas and renewable electricity production.
 
We will deliver universal superfast broadband availability by 2022. Labour will improve mobile internet coverage and expand provision of free public wi-fi in city centres and on public transport. We will improve 4G coverage and invest to ensure all urban areas, as well as major roads and railways, have uninterrupted 5G coverage. On day one we will instruct the National Infrastructure Commission to report on how to roll out ‘ultrafast’ (300Mbps) across the UK within the next decade.
 
=== Industrial Strategy ===
'''Our economy is suffering from years of neglect by governments that have refused to support our industries, businesses and workers. This wasted potential is holding us all back. Inequality has ballooned as the economy has shifted towards low-paid, insecure jobs.'''
 
Britain’s manufacturing base has declined and we have relied too heavily on the financial sector, centred on London and the South East. And while the South East struggles with a rising cost of living crisis, many northern and coastal towns have watched as their economies and communities are left behind. Britain’s failure to get all its regional and local economies working can be seen in the deterioration of the country’s current account, weak productivity growth and underinvestment in infrastructure.
 
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<div style="font-size:170%;">'''Britain can only be stronger if every nation and region is given the resources and support to succeed. Only a Labour government with a credible industrial strategy can reach this untapped potential and deliver prosperity to every corner of our country, working with devolved administrations.''' </div>
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Our industrial strategy will be built on objective, measurable missions designed to address the great challenges of our times. In meeting these challenges, we will move beyond the narrow approaches of the past, and mobilise the talents and resources of our whole country to deliver an economy fit for the future.
 
'''The first missions set by a Labour government will be to:'''
 
# Ensure that 60 per cent of the UK’s energy comes from zero-carbon or renewable sources by 2030
# Create an innovation nation with the highest proportion of high-skilled jobs in the Organisation for Economic Co-operation and Development by 2030. We will meet the OECD target of 3 per cent of GDP spent on research and development by 2030.