Exclusive: Labour bets the house with pledge to outspend Tories
Andrew GriceEd Miliband and Ed Balls will reject the more cautious approach – adopted by Tony Blair in 1997 – of sticking to the Tory government’s public spending limits in favour of a “new economic settlement” for Britain.
Some Labour figures believe that repeating Mr Blair’s landmark move would help the party regain economic credibility, on which it still trails the Tories. But there is a growing consensus inside the Shadow Cabinet, which includes its Blairites, in favour of reducing the deficit over a longer period than under the Coalition’s plans in order to finance “investment”, such as a huge house-building programme.
Strong support for this approach will come in a study to be published next week by the Labour-affiliated Fabian Society. Sticking to George Osborne’s plans, it found, would mean that “non-protected” areas of spending such as police, justice and local government face cuts of about 35 per cent between 2011 and 2017.
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" Exclusive: Labour bets the house with pledge to outspend Tories", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2013. Consulté le 21/09/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/exclusive-labour-bets-the-house-with-pledge-to-outspend-tories