Labour made an incredible £21 billion of unfunded spending commitments over the summer, new analysis has revealed.
In a series of speeches, Labour Ministers made a host of promises - such as more spending on benefits - which would cost hardworking taxpayers £21 billion.
In return, they only set out £105 million worth of savings to pay for them.
Labour simply haven’t learnt their lesson.
After taking Britain’s economy to the brink and opposing every spending reduction we’ve made, they spent the summer racking up billions of pounds more in spending promises.
With eight months to go until the next election, it’s becoming increasingly clear that all Ed Miliband offers is the exactly what got Britain into a mess in the first place: more borrowing, higher taxes and more debt than our children could ever hope to repay.
We’re investing more in frontline NHS services.
Today we’re announcing an extra £160 million for the Cancer Drugs Fund – to give more patients access to the latest and best cancer drugs.
By taking the difficult decisions to cut inefficient spending elsewhere, we’re in a position to increase investment in the most important areas and give patients the care they need.
The Cancer Drugs Fund has already secured world-class and life-enhancing medication for over 55,000 patients – giving hope to them and their families.
Today’s news of more funding – which is only possible because of our long-term economic plan and careful management of the nation’s finances – will give that hope to many more.
Four years ago we inherited a welfare system from Labour that had totally failed.
Labour wrote benefit cheque after benefit cheque – with 1.4 million people spending almost a decade on out-of-work benefits.
That’s why fixing welfare is central to our long-term economic plan. We can’t keep spending money we don’t have on welfare hand-outs, burdening our children with more debt than they could ever hope to repay.
This isn’t just about making the numbers add up – it’s about doing what’s fair and right.
The welfare system must provide a safety net for those in need – but it must also always reward the willingness to work.
That’s why we’ve capped benefits, so no one can claim more than the average family earns by working.
But Labour still haven’t learned their lesson. Ed Miliband would scrap our benefit cap and replace it with a system that could, for example, mean handing up to £54,000 a year in benefits to people living in London.
That’s equivalent to a pre-tax wage of over £80,000 – a slap in the face for the hardworking taxpayers who would pay for it and yet more evidence that Labour still stand for benefits as a lifestyle choice.
For millions of people, an apprenticeship is the key to getting on in life.
It gives them the chance to learn skills, earn a salary and gain vital qualifications.
Since 2010, we’ve created 1.8 million apprenticeships. That means young people up and down the country are kick-starting their working lives and fulfilling their potential.
Today we’re launching a campaign to encourage even more young people to start an apprenticeship. There’s now a greater variety and quality of apprenticeships on offer, with new employer-designed apprenticeships in sectors such as engineering, hospitality and the legal profession.
By delivering the best skills, we’re helping young people get on in life and ensuring Britain succeeds in the global race.
Apprenticeships are a vital part of our long-term economic plan to secure a stronger, healthier economy – and a better future for Britain.
Families are at the heart of our long-term economic plan.
Supporting family life helps secure a better future for the next generation. That’s why we’re doing all we can to help families by:
1. Supporting parents
We’re nearly doubling the annual relationship support budget to £19.5m, helping more families stay together.
2. Helping troubled families
We’re extending our support programme for troubled families, helping with problems such as unemployment, debt and truancy. That will give many of our most vulnerable children a more stable and secure start in life.
3. Giving more children a family
The number of adoptions increased by a quarter last year, thanks to more financial support for councils and voluntary groups, and speeding up the adoption process. These improvements balance the need to find families for children with robust checks of adoptive parents.
We’re now going even further. From this year, all school children adopted from care will benefit from £1,900 of pupil premium money; and from next year, adoptive parents will receive more help with our new £19m Adoption Support Fund.
4. Putting families at the heart of our plan
Every single domestic policy that we propose will be examined for its impact on the family – and only approved if it passes the ‘family test’. That ensures the family is always at the heart of our long-term economic plan.
By supporting families in all that we do, we’re helping secure a stronger society today and a better future for Britain tomorrow.
Small businesses are the lifeblood of the economy – and we’re doing all we can to back them.
Under Labour, businesses were hit with higher taxes and more regulations. Labour didn’t understand that the key to growth and jobs is helping businesses, not punishing them.
With the Conservatives, there’s never been a better time to start a business – there are now 400,000 more businesses than there were in 2010.
More and more people are choosing to start a business from home. So today we’re helping Britain’s home businesses by:
- Making it easier to run a business from a rented home
- Ensuring that the majority of home businesses are exempt from business rates
These changes will help more businesses start up and keep the recovery going.
It’s the latest part of our long-term economic plan to secure a healthier economy and a better future for Britain. The drive, graft and courage of business owners are leading the recovery – and the Conservatives are on their side.
Jobs up. Unemployment down. More people getting on in life. Today’s employment figures are an important step forward for Britain:
1. Unemployment down 437,000 in the last year – the biggest fall in 25 years
2. Employment up 820,000 in the last year – equivalent to 15,000 more people in work every week.
There are now 1.8 million more people in work than there were in 2010. What’s more, 90% of jobs created in the last three months are full-time (ONS, Labour Market Statistics, August 2014, 13 August 2014).
3. Long-term unemployment down 171,000 in the last year – the biggest fall since 1998
4. Youth unemployment down 206,000 in the last year – the biggest fall in 30 years
These figures mean more hardworking taxpayers with the security of a pay packet to provide for themselves and their families.
Our long-term economic plan is building a healthier economy and a better future for Britain. Today’s figures show the plan is working – but it’s far from finished.
The biggest risk to people’s jobs is Labour. Their only plan for the economy is more spending, more borrowing and higher taxes – including taxes on jobs – for which hardworking taxpayers would pay the price.
We need to continue working through our plan so even more people have the opportunity to get into work and get on in life – and secure a better future for themselves and their children.
Oh dear. Just two weeks after Ed Miliband was caught using the wrong statistics, Labour have done it again.
The UK Statistics Authority, the official statistics watchdog, says Labour have been using ‘factually incorrect’ figures.
Chuka Umunna, Labour’s Shadow Business Secretary, had claimed that the number of young people on unemployment benefit had gone up by 60% since May 2010, with the number of claimants in the North East rising by 263%.
The official figures show that the actual number of young people claiming JSA fell by 38% nationwide and by 27% in the North East.
While Labour said one thing, the facts said the complete opposite.
It isn’t the first time that the Statistics Authority has rebuked Labour over their numbers.
Ed Miliband recently tried to claim that four in five private sector jobs since 2010 were created in London. But the official figures showed that only 21.7% of new private sector jobs were created in London – just over one in five.
While the Labour leader said one thing, the facts said something completely different.
If Labour keep making basic mistakes with their numbers, how can anyone trust them with the economy?
Labour’s latest tax rise won’t just increase your tax bill – it will put jobs at risk too.
Labour are planning a 1% hike in National Insurance (Source: The Independent, 2 June 2014), which would hit taxpayers with a £3.7bn tax rise – an increase of £169 for someone on the average wage.
That would make hardworking taxpayers less financially secure – and also put jobs at risk by:
- Increasing tax on employers by £4.7bn – a hike of £3,600 per business
- Raising the jobs tax by an average of £165 for every person a business employs
- Costing small and medium-sized businesses 57,000 jobs – and up to 96,000 job losses in the private sector
Labour just don’t get it. They still think that you can increase taxes without consequences. They can’t see that if you increase taxes on businesses and make it more expensive to employ people, more people will end up out of work.
While our long-term economic plan is building a healthier economy with more people in work than ever before, Labour would put it all at risk.
We can’t let Labour wreck the recovery with yet another tax rise that would hit hardworking taxpayers, cost jobs, and wreck the recovery.
Our welfare reforms are getting people back to work.
Under Labour, too many families were trapped in a cycle of welfare dependency: 1.4 million people spent the best part of a decade on benefits, and the number of households where no one had ever worked doubled.
But we’re fixing Labour’s mess. Our welfare reforms are providing a safety net for those in need while rewarding the willingness to work by:
- Capping benefits so no out-of-work household can claim more in benefits than the average family earns in work
- Stopping benefits rising faster than wages
- Setting a limit on Britain’s overall welfare budget
These reforms are delivering real results, with more people in work today than ever before.
It’s a key part of our long-term economic plan. By getting Britain working, we’re building a healthier economy – one that’s on the side of hardworking taxpayers and that gives new opportunities to people who had been written off under Labour.
It’s now vital that we continue to work through our welfare reforms – to secure a better future for Britain.