Manifesto: Manifesto Pledges and Manifesto Commitments

manifesto: Labour is reviewing its 2017 manifesto commitments in preparation for a general election, according to The Guardian. It is likely to stick with the previous formula, but with a few added extras, which means that the party's manifesto pledges for extra day-to-day spending are largely covered by tax rises. Not just to blast their way through the chaos that will follow leaving the European Union on 31 October, but also to inflate spending on a long shopping list of items, from social care to defence. Investment spending, on the other hand, should be funded by borrowing, it says. There is no doubt the Tories and Labour can justify their borrowing, mainly because credit is very cheap and is likely to remain so. Britons, then, find themselves for the first time since the financial crisis in a similar situation to Italians in their last general election, with parties at both ends of the political spectrum wanting to spend large amounts of mostly borrowed money to spur investment. (news.financializer.com). As reported in the news.