Labour Party policies Flashcards
How much would spending did the Labour Party commit to?
£1.2 trillion - an extra £650 million a day.
How much would Labour have increased government spending by?
30% - 3 times more than Gordon Brown did after the financial crisis.
How much would renationalisation cost?
£196 billion
How much would a 32-hour working week cost?
£85 billion
How much would a pilot of UBI cost?
£4.5 billion
How much would setting up tensants’ unions across the country cost?
£20 million
How much would free bus travel for the under 25s cost?
£7 billion
How much would the average taxpayer pay under Labour?
£2,400 a year. The average person would need to work an extra 30 days to pay off this increase.
Under fiscal rules, how much would Labour be allowed to borrow?
£546 billion. The remaining £651 billion would need to be funded through taxation. But, the manifesto only costed for £277 billion of extra taxation.
