Invicta has brought together the key points from both the Conservative and Labour Party #GE17 manifestos on a range of important issues including the Economy, Public Spending & Tax, Business & Workers Rights, Energy & Industrial Strategy, Housing and Brexit & Constitutional Reform.
Click here to download our guide to the Conservative and Labour Party manifestos.
|Conservative Party||Labour Party|
|1. A balanced budget by the middle of the next decade.
2. Prioritise a strong economy to help fund public services.
3. Competitive and affordable energy costs.
4. Continuation of the Northern Powerhouse agenda.
|1. Set target of eliminating the government’s deficit on day-to-day spending within five years.
2. A National Investment Bank as part of a plan to provide £250bn of lending power over the next decade for infrastructure which will support a network of regional investment banks.
3. Change the law to put a firm ring fence between investment and retail banks.
4. Bring rail companies back into public ownership, reverse the privatisation of Royal Mail.
Public Spending and Tax
|1. Increase the personal allowance to £12,500 and the higher rate to £50,000 by 2020.
2. Keep pledge to ensure communities can veto high increases in council tax via a referendum
3. Maintain plans to cut corporation tax to 17%.
|1. No rises in income tax for those earning below £80,000 a year on personal National Insurance Contributions and on VAT.
2. A claim the manifesto commitments are “fully costed” with all current spending paid for out of taxation or redirected revenue stream.
3. End the Public Sector Pay cap.
Business and Workers Rights
|1. Reform the rules on takeovers and mergers to prevent asset stripping.
2. Legislate to make sure corporate pay is subject to strict votes by shareholders.
3. Improve corporate governance to make sure companies take into account more than just shareholders.
4. Protect private pensions by tightening the rules around people who abuse pension funds.
5. Clamp down on tax evasion with new regulations of tax advisory firms.
6. Increase the living wage to 60 percent of median earnings.
|1. Reinstate the lower small-business corporation tax rate.
2. Scrap quarterly reporting for businesses with a turnover of under £85,000.
3. Protect small businesses by mandating action against companies who fail to pay invoices on time.
4. Introduce a 20 point plan for security and equality at work including banning zero hours contracts, introduce sectoral collective bargaining, raising the minimum wage to £10 per hour and roll out maximum pay ratios of 20:1 in the public sector.
5. Shifting the burden of proof so that the law assumes a worker is an employee unless the employer can prove otherwise.
Energy and Industrial Strategy
|1. UK should have the lowest energy costs in Europe, both for households and businesses.
2. Establish an industrial energy efficiency scheme to help large companies install measures to cut their energy use and their bills.
3. Against more large-scale onshore wind power for England, but maintain position as a global leader in offshore wind and development of wind projects in the remote islands of Scotland, where they directly benefit local communities.
4. Develop the shale industry in Britain
5. Change proposed shale wealth fund so greater percentage of tax revenues from shale gas directly benefit the communities that host the extraction sites.
|1. Nuclear power “will continue to be part of the UK energy supply”.
2. A ban on fracking.
3. Introduce an immediate emergency energy price cap to ensure the average dual fuel household energy bill remains below £1,000 per year.
4. Maintaining access to the EU’s internal energy market and retaining access to nuclear research programme Euratom will be a priority in Brexit negotiations.
5. Ensure that 60 per cent of the UK’s energy comes from zero-carbon or renewable sources by 2030.
6. Meet the OECD target of 3 percent of GDP spent on research and development by 2030.
|1. Halve rough sleeping over the course of the next parliament and eliminate it by 2027.
2. Meet 2015 commitment to deliver a million homes by the end of 2020 and half a million more by the end of 2022.
3. Build better houses to match the quality of previous generations.
4. Support for high-quality, high-density housing like mansion blocks, mews houses and terraced streets 160,000 houses built on government land.
5. Maintain the existing strong protections on designated land like the Green Belt, National Parks and Areas of Outstanding Natural Beauty.
6. Continue £2.5bn flood defence programme to protect 300,000 existing homes by 2021.
|1. At least 100,000 council and housing association homes built a year by the end of the next Parliament.
2. “Thousands more low-cost homes” reserved for first-time buyers.
3. Make new three-year tenancies the norm for private renters, with an inflation cap on rent rises
4. An additional 4,000 homes reserved for people with a history of rough sleeping.
Brexit and Constitutional Reform
|1. In favour of an orderly Brexit.
2. Continue with current boundary review proposals.
3. Extend FPTP electoral system to Police and Crime Commissioner and Mayoral Elections.
4. Repeal the Fixed Term Parliament Act.
5. Legislate for people to present ID before they vote.
|1. Leaving the EU with no deal is the worst possible option.
2. Pursue continued access to EU Markets.
3. Make sure all EU laws and rights are enshrined in British law.
4. Ensure there is no drop in EU structural funding to regions.
5. Reduce the voting age to 16.
6. Hold constitutional convention.
7. Oppose a second Scottish Independence Referendum.