Just three days to go now until we enter the polling booths to register our choice. There’s no doubting the scale of that choice. The three main parties have manifestos that are more different from each other on economic policy, on taxes and on spending than they have been since at least 1983.
Labour’s 2019 general election manifesto pledged to “bring rail, mail, water and energy” alongside “the broadband-relevant parts of BT” into public ownership. In this report we set out the scale of this proposed programme of nationalisation and some of the key issues it would raise.
Directors of three of the UK’s most trusted and respected independent bodies talk about what has been promised in this election campaign, what challenges will face the new government (whatever its complexion), and where next for Brexit.
Local government funding is rarely a major battleground in election campaigns. This ‘rule’ appears to be holding in the current campaign, despite evident pressures in areas like adults’ and children’s social care services, following a decade of cuts to councils’ funding.
Relative in-work poverty has been steadily rising since 1994–95, meaning that the incomes of poorer working households have not been keeping up with those of middle-income households.
Boris Johnson has announced that he would raise the threshold for paying National Insurance contributions (NICs) on earnings to £9,500 in the first Budget of a Conservative government. Currently 12% NICs is payable on earnings over £8,632 per year, set to rise with inflation to £8,788 in 2020–21.
The Labour Party plans to increase income tax for individuals with annual taxable incomes over £80,000. This briefing note sets out the background to this proposal.
This Election Briefing Note provides a summary of the current higher education funding system in England and investigates the two big reform packages that are currently on the table going into the 2019 General Election.
With taxation set to be a central policy battleground in this election, the IFS sets out some essential factual background.
The election campaign has only just got going, but already spending promises are coming thick and fast. By the time we get to polling day, still a month away, this could turn out to have been a very expensive election, indeed. Up to £20 billion a year of extra investment spending has been pledged by the Tories, £55 billion by Labour. Find out more >>>
Brexit continues to dominate the headlines - but the UK economy faces many other important challenges. Find out more >>>
The Chancellor and Shadow Chancellor have both outlined the fiscal targets that they would seek to adhere to. Mr Javid has chosen to adopt a forward-looking rolling target aimed at current budget balance. In other words, day-to-day spending could not exceed total revenues. This is very similar in nature to Mr McDonnell’s longstanding current budget target.
Whether the UK leaves the European Union, and if so on what terms, is a crucial issue and therefore rightly should be the subject of much debate in the run-up to the general election on 12 December. But Brexit is not the only economically important decision that the UK faces. So the general election debate should not be only about Brexit.