Magazine article Public Finance

Labour Outlines Pledges for a Third Term

Magazine article Public Finance

Labour Outlines Pledges for a Third Term

Article excerpt

The Labour government has published its election manifesto, promising to protect public services and freeze income tax if it is re-elected for a third term.

Prime Minister Tony Blair outlined Labours key pledges on April 13, claiming third-term reform would help 'hard-working families' across Britain to prosper.

He promised not to raise the basic or top rate of income tax and pledged not to extend VAT to public transport fares, children's clothes or food. Inflation, he said, would be kept under tight control.

On the public services, Blair promised to continue modernising the National Health Service and to empower patients through the extension of choice. Schools, he said, would continue to receive 'year-on-year' increases in investment, but would be given more freedom to decide how to allocate resources. …

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