New Labour, New Danger. 1997 – 2009, what have they done?

24 February 09

Before you read this, please note that I am not affiliated to any political party and have voted differently in the two general elections I have voted in.

The following are listed in Labour’s 1997 Election Manifesto. Basic promises either not kept or ballsed up.

Though it appears that they forgot to include “ignore the banking system to enable a return to the ‘boom and bust’ days of the late 1980’s”.

The myth that the solution to every problem is increased spending has been comprehensively dispelled under the Conservatives. Spending has risen. But more spending has brought neither greater fairness nor less poverty. Quite the reverse – our society is more divided than it has been for generations. The level of public spending is no longer the best measure of the effectiveness of government action in the public interest. It is what money is actually spent on that counts more than how much money is spent.

The national debt has doubled under John Major. The public finances remain weak. A new Labour government will give immediate high priority to seeing how public money can be better used.

New Labour will be wise spenders, not big spenders.

Save to invest is our approach, not tax and spend.

New Labour will establish a new trust on tax with the British people.

Our long-term objective is a lower starting rate of income tax of ten pence in the pound.

We will examine the interaction of the tax and benefits systems so that they can be streamlined and modernised.

We will enforce the ‘golden rule’ of public spending – over the economic cycle, we will only borrow to invest and not to fund current expenditure.

We will ensure that – over the economic cycle – public debt as a proportion of national income is at a stable and prudent level.

Small business: We will cut unnecessary red tape.

We will be tough on crime and tough on the causes of crime Police on the beat not pushing paper.

Crackdown on petty crimes and neighbourhood disorder Protect the basic state pension and promote secure second pensions.

We will reject the boom and bust policies which caused the collapse of the housing market. (ha! – ed)

We will reform party funding to end sleaze.

12 years on, they’ve done well haven’t they?