To me, the big unanswered question with Labour is what do they do if they can't raise as much extra revenue as they hope? I don't have a major problem with their plans, assuming they work. But what's the "Plan B"? Higher taxes? More borrowing? Or a focus on certain policy areas over others?
I'd be fine with the last of the three. What I'd like to hear is a commitment from Labour, that deficit reduction remains the priority.
well they're already having to borrow to fund this nationalisation policy and it is almost certain that their plans aren't costed, we've already seen the impact of a 5% raise in income tax (at a higher level) and can see that it didn't work as intended, we can also see the examples of where the financial transaction tax has been tried in the past such as in Sweden
deficit reduction simply can't occur with the plans they have as they stand now