“Britain only succeeds when working people succeed”
– This is a plan to reward hard work, share prosperity and build a better Britain
Ed tells the British people that we are the party of fiscal responsibility
The Budget Responsibility Triple-Lock guarantees that:
Every policy in this manifesto is paid for. Not one commitment requires additional borrowing. We are the first party to make that pledge, and with this manifesto it is delivered. We will legislate to require all major parties to have their manifesto commitments independently audited by the Office for Budget Responsibility.
A Labour government will cut the deficit every year. The first line of Labour’s first Budget will be: “This Budget cuts the deficit every year.” This manifesto sets out that we will only lay a Budget before the House of Commons that cuts the deficit every year, which the OBR will independently verify.
We will get national debt falling and a surplus on the current budget as soon as possible in the next parliament. This manifesto sets out that we will not compromise on this commitment.