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General election: Labour and Tories both not 'being honest with electorate' over tax, says IFS – live news | General election: Labour and Tories both not 'being honest with electorate' over tax, says IFS – live news |
(32 minutes later) | |
Campaigns shift to climate crisis, though Boris Johnson has not confirmed attendance at televised environment debate tonight | Campaigns shift to climate crisis, though Boris Johnson has not confirmed attendance at televised environment debate tonight |
And here is his peroration. | |
Corbyn says he wants to protect habitats. | |
We mistakenly left out Plaid Cymru in the post about parties taking part in tonight’s election debate on Channel 4 tonight (see 9.28am). The post has now been changed. | |
Corbyn also confirms the plan to plant 2bn trees over the next 20 years. | |
Corbyn is now confirming the plans for 10 new national parks. | |
Corbyn says government must tackle this crisis now. | |
Corbyn is now talking about the climate crisis. | |
Corbyn says the Tories have been caught “trying to cover things up”. | |
Yesterday Labour exposed “a secret plot” to sell out the NHS, he says. | |
He repeats the point he made in his speech yesterday about how he thinks the dossier released yesterday has “shredded” his claim that the NHS will not be on the table in UK-US trade talks. | |
He says “this election is now a fight for the survival of our NHS as a public service.” | |
(This is a claim that Labour tends to end up making at almost every election. Although it normally has some validity, when put like this it tends to be hyperbolic. Conservative governments have often been elected, and the NHS has survived as a public service.) | |
Jennie Formby, Labour’s general secretary, is introducing Jeremy Corbyn. She describes Southampton as her home town. | |
She introduces Corbyn as “the most decent, honest and inclusive man I know”. | |
Jeremy Corbyn is about to give a speech in Southampton on the environment. | |
There is a live feed at the top of the blog. | |
Around 212,000 more people moved to the UK long-term in the last year than left, according to the latest estimates. As the Press Association reports, the net migration figures for the year ending in June, which looked at people coming to the country with the intention to stay for 12 months or more, were published by the Office for National Statistics this morning. After peak levels of more than 200,000 in 2015 and early 2016, EU net migration has dropped and now stands at 48,000 in the same period. This is largely because of a fall in EU immigration, which remains at its lowest level since the year ending March 2013, PA Media reports. | |
In an interview on the Today programme this morning, focusing mostly on the dossier published yesterday revealing what has been said about health policy in the UK-US talks about a possible trade deal, Matt Hancock, the health secretary, said drug prices would not be on the table in talks on a UK-US trade deal. He said: | In an interview on the Today programme this morning, focusing mostly on the dossier published yesterday revealing what has been said about health policy in the UK-US talks about a possible trade deal, Matt Hancock, the health secretary, said drug prices would not be on the table in talks on a UK-US trade deal. He said: |
Asked why the leaked dossier does not say that the NHS and drugs prices would be exempt from the trade talks, Hancock replied: | Asked why the leaked dossier does not say that the NHS and drugs prices would be exempt from the trade talks, Hancock replied: |
This is what the Conservative manifesto (pdf) says about the proposed trade deal and the NHS. | This is what the Conservative manifesto (pdf) says about the proposed trade deal and the NHS. |
Here is my colleague Kate Proctor, who has produced a fun video about whether or not holding a general election in December is a terrible idea. | Here is my colleague Kate Proctor, who has produced a fun video about whether or not holding a general election in December is a terrible idea. |
And this is what Paul Johnson, the IFS director, said about Lib Dem manifesto plans in his opening presentation. | And this is what Paul Johnson, the IFS director, said about Lib Dem manifesto plans in his opening presentation. |
The Lib Dems would almost quintuple spending on universal free childcare, the IFS says, “creating a whole new leg of the universal welfare state”. | The Lib Dems would almost quintuple spending on universal free childcare, the IFS says, “creating a whole new leg of the universal welfare state”. |
The IFS says the Lib Dem plan to put a penny on the main rates of income tax is “simple, progressive and would raise a secure level of revenue”. | The IFS says the Lib Dem plan to put a penny on the main rates of income tax is “simple, progressive and would raise a secure level of revenue”. |
The Lib Dems’ plans imply lower borrowing than under Labour or the Tories, the IFS says. Johnson says: | The Lib Dems’ plans imply lower borrowing than under Labour or the Tories, the IFS says. Johnson says: |
And this is what Paul Johnson, the IFS director, said about Labour’s plan in his opening presentation. | And this is what Paul Johnson, the IFS director, said about Labour’s plan in his opening presentation. |
It is “highly likely” that, at least over the longer-term, Labour would need to raise taxes beyond the measures already announced, the IFS says. And it says Labour would “clearly increase taxes for many millions outside the top 5%”. | It is “highly likely” that, at least over the longer-term, Labour would need to raise taxes beyond the measures already announced, the IFS says. And it says Labour would “clearly increase taxes for many millions outside the top 5%”. |
Even though Labour would increase the size of the state, it would still leave the UK’s public spending as a proportion of national income lower than Germany’s, the IFS says. | Even though Labour would increase the size of the state, it would still leave the UK’s public spending as a proportion of national income lower than Germany’s, the IFS says. |
It is “far too simplistic” to assume that Labour’s plans would increase growth, the IFS says. That is because, even though Labour would boost investment and pursue a softer Brexit, the scale of its ambition creates uncertainty. | It is “far too simplistic” to assume that Labour’s plans would increase growth, the IFS says. That is because, even though Labour would boost investment and pursue a softer Brexit, the scale of its ambition creates uncertainty. |
Labour’s plan to abolish in-work poverty within a parliament is “not achievable”, the IFS says. It says the party’s plans for working-age welfare spending are “relatively modest”, undoing “only just over half the cuts implemented since 2015 and less than a quarter of those put in place since 2010”. | Labour’s plan to abolish in-work poverty within a parliament is “not achievable”, the IFS says. It says the party’s plans for working-age welfare spending are “relatively modest”, undoing “only just over half the cuts implemented since 2015 and less than a quarter of those put in place since 2010”. |
But in the longer term Labour’s policies would probably “reduce labour market inequality and hence in-work poverty, possibly risking slower increases in average earnings”, the IFS says. | But in the longer term Labour’s policies would probably “reduce labour market inequality and hence in-work poverty, possibly risking slower increases in average earnings”, the IFS says. |
The IFS says Labour’s plan to completely replace universal credit is “unwise”. It says it would be “expensive, disruptive and unnecessary”. | The IFS says Labour’s plan to completely replace universal credit is “unwise”. It says it would be “expensive, disruptive and unnecessary”. |
Labour would double current spending on universal free childcare, the IFS says. | Labour would double current spending on universal free childcare, the IFS says. |
The IFS is very critical of the decision to spend £58bn compensation the Waspi (Women against state pension inequality) women. Johnson says: | The IFS is very critical of the decision to spend £58bn compensation the Waspi (Women against state pension inequality) women. Johnson says: |
The Labour plan to keep the state pension age at 66 is “an expensive promise”, the IFS says. | The Labour plan to keep the state pension age at 66 is “an expensive promise”, the IFS says. |
Labour’s corporation tax plan would increase corporate tax revenues to “their highest ever in the UK and to among the highest in the developed world”, the IFS says. | Labour’s corporation tax plan would increase corporate tax revenues to “their highest ever in the UK and to among the highest in the developed world”, the IFS says. |
It says Labour’s plans to change the taxation of dividends and capital gains are “very welcome” and would raise revenue. | It says Labour’s plans to change the taxation of dividends and capital gains are “very welcome” and would raise revenue. |
The Labour plan for inclusive ownership funds, taking 10% of big firms’s share and allocating them for the workers and for government, would probably lead to companies reducing pay to compensate. | The Labour plan for inclusive ownership funds, taking 10% of big firms’s share and allocating them for the workers and for government, would probably lead to companies reducing pay to compensate. |
And here is a fuller summary of what Paul Johnson, the Institute for Fiscal Studies director, was saying about the Tory manifesto plans in his opening presentation. | And here is a fuller summary of what Paul Johnson, the Institute for Fiscal Studies director, was saying about the Tory manifesto plans in his opening presentation. |
At one point he said that the IFS would be saying a lot more about the Labour plans than the Tory plans. That was not the result of any bias, for or against, he explained. It was just a consequence of Labour having released much more detail about its plans, he said. The Tory plans are a lot more sketchy. | At one point he said that the IFS would be saying a lot more about the Labour plans than the Tory plans. That was not the result of any bias, for or against, he explained. It was just a consequence of Labour having released much more detail about its plans, he said. The Tory plans are a lot more sketchy. |
IFS on Conservative plans | IFS on Conservative plans |
It is “highly likely” the Tories would end up spending more than their manifesto implies, “and thus taxing and borrowing more”, the IFS says. | It is “highly likely” the Tories would end up spending more than their manifesto implies, “and thus taxing and borrowing more”, the IFS says. |
Public spending under the current government is much closer to what Labour promised in its 2017 manifesto than what the Tories promised in their own manifesto, the IFS says. Johnson says: | Public spending under the current government is much closer to what Labour promised in its 2017 manifesto than what the Tories promised in their own manifesto, the IFS says. Johnson says: |
But Tory spending plans would not reverse austerity, the IFS says. Johnson says: | But Tory spending plans would not reverse austerity, the IFS says. Johnson says: |
There is a risk of an effective no deal Brexit at the end of 2020 under the Tories, the IFS says. It says this would harm the economy and increase the deficit and debt. | There is a risk of an effective no deal Brexit at the end of 2020 under the Tories, the IFS says. It says this would harm the economy and increase the deficit and debt. |
The Tories have “failed to come up with any kind of plan or any kind of money for social care”, the IFS says. | The Tories have “failed to come up with any kind of plan or any kind of money for social care”, the IFS says. |
Tory plans on welfare are “all but non-existent”, the IFS says. | Tory plans on welfare are “all but non-existent”, the IFS says. |
It says the Tory plans for tax and spending will suit people who “think things are pretty much okay as they are”. | It says the Tory plans for tax and spending will suit people who “think things are pretty much okay as they are”. |
And here is Paul Johnson’s conclusion from his opening presentation at the IFS briefing. | And here is Paul Johnson’s conclusion from his opening presentation at the IFS briefing. |