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Britain can be better
Britain only succeeds
when working people
succeed. This is a plan
to reward hard work,
share prosperity and
build a better Britain.
The Labour Party Manifesto 2015
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The Labour Party
Manifesto 2015
Labour’s Manifesto Budget Responsibility Lock
Our manifesto begins with the Budget Responsibility Lock we offer the British
people. It is the basis for all our plans in this manifesto because it is by securing
our national finances that we are able to secure the family finances of the
working people of Britain.
The Budget Responsibility Lock guarantees that:
Every policy in this manifesto is paid for. Not one commitment requires
additional borrowing. We are the first party to make that pledge and with
this manifesto it is delivered. We will legislate to require all major parties to
have their manifesto commitments independently audited by the Office for
Budget Responsibility.
A Labour government will cut the deficit every year. The first line of Labour’s
first Budget will be: “This Budget cuts the deficit every year”. This manifesto
sets out that we will only lay a Budget before the House of Commons that
cuts the deficit every year, which the OBR will independently verify.
We will get national debt falling and a surplus on the current budget as soon
as possible in the next parliament. This manifesto sets out that we will not
compromise on this commitment.