Decades of privatisation have left the UK asset-poor – but a national wealth fund as proposed by Labour could help to future-proof the country’s finances.
Growth has been elusive for UK governments for decades, and with Brexit challenges now part of the mix, Labour will have its work cut out to deliver on its pledges.
Tax evasion crackdowns, efficiency savings and welfare cuts are easy political sells – but getting these measures to deliver large amounts of revenue is much more difficult.
Comparing Keir Starmer’s 2024 election manifesto with Tony Blair’s 1997 document is a helpful way to understand why the vision is grander than is being portrayed.
Both the Conservatives and Labour have promised not to raise income tax, national insurance or VAT should they win the election – but most voters don’t believe them.
The Tories have 346 seats and could lose more than half of those. Labour is aiming for huge gains, the SNP is fighting for relevance – and the Lib Dems are hoping to become the third party again.