Playing by their own rules: the policy platforms of the main parties

Document type
Briefing
Author(s)
Hughes, Richard
Publisher
Resolution Foundation
Date of publication
28 November 2019
Subject(s)
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

Download (518KB )

In this briefing the Resolution Foundation stress that the emphasis that both main parties have placed on credible fiscal frameworks in this campaign is laudable. Such rules are hugely important for the government’s overall economic priorities. In setting out new fiscal rules, it is vital that they provide a clear framework for sustainable public finances, constraining the temptation for policy makers to promise unfunded giveaways.

This briefing highlights that the Conservatives and Labour already look likely to be on course to break their new fiscal rules less than a month after their announcement. This position creates difficult choices for the parties: raise taxes further, return to austerity, renege on manifesto commitments or abandon their new fiscal rules at the first hurdle.

More from Social welfare collection

Related to Social Policy

The fiscal impact of immigration in the UK

This briefing explores the conceptual and methodological issues related to estimating the fiscal impact of immigration and provides an overview of the existing estimates for the UK and other countries.

Fiscal stabilisation policy and fiscal institutions

This paper analyses countercyclical fiscal policy within the context of a microfounded analysis of business cycle stabilisation. The authors show that tax and spending instruments can have a useful

Conservative Party manifesto: invitation to join the Government of Britain

This briefing paper analyses the relevant points for enterprise and entrepreneurship emerging from the Conservative Party Manifesto, published on 13 April 2010.

At a glance: Labour, Conservative and Liberal Democrat manifestos: summary

This document compares the three main political parties’ 2010 General Election manifesto commitments, in the areas of business and enterprise, the economy, the third sector, public sector reform, and

More items related to this subject