SwingsitlikeHogan
Major Champion
To be fair, out of the Labour and Tory manifestos, only the Labour one was actually costed.
People may disagree with their plans to raise taxes on the wealthy, but that is their costed plan. I think the "the rich will up sticks" argument is overplayed - there are plenty of places with better tax arrangements than the UK for these people but they choose to stay here.
As for the Tories - a completely uncosted manifesto. No indication of how they will pay for leaving the single market or the reduction in immigration. It's amazing the media hasn't picked up on this more. If it was Labour I imagine it would be front page news.
I note that it is reported today (in my i newspaper) the Centre for Economics and Business Research estimate that the best case scenario for UK leaving the EU would result in a 1.4% gross loss in GDP; or £25bn a year. With worst-case scenario leading to a 2% loss in GDP - equating to £36bn a year.
Then taking into account the impact of slashing immigration to under 100,000 - the OBR estimates that reducing net migration to 185,000 by 2021 could cost £5.9bn (reduced tax take and higher prop of non-working people).
And so against that background and faced with such numbers perhaps not surprising that the Tory manifesto is uncosted and May trying to get a load of money for social care out of inheritances - because there isn't going to be any from anywhere else without big hikes in taxes.
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