article_snippet.sent: Launching the party’s manifesto in Manchester, Miliband will claim ‘not one policy’ in ’s manifesto would be funded through additional government borrowing.
article_snippet.sent: Labour’s manifesto, published last night, contains a commitment on its first page to a ‘Budget Responsibility Lock’.
article_snippet.sent: the party says this would be ‘the basis for all the party plans because it is by securing the party national finances that the party are able to secure the family finances of the working people of Britain’.
article_snippet.sent: Miliband will pledge ‘strong, fair fiscal rules’ meaning the national debt falls and a surplus on the ‘current budget’ – applying to day-to-day spending, not capital spending – is secured ‘as soon as possible in the next parliament’.
article_snippet.sent: It does something different: It very first page sets out a vow to protect our nation’s finances; a clear commitment that every policy in our manifesto is paid for without a single penny of extra borrowing.
article_snippet.sent: It is more ambitious because It starts from a clear commitment to balance the books.
article_snippet.sent: George Osborne said the Tories had a ‘balanced plan’ to finish the job of restoring order to the public finances that involved cutting £1 in every £100 of government spending for a further two years.
article_snippet.sent: That will be seen as a bid to ease fears a Labour administration propped up by the SNP would wreak havoc with the public finances.