Labour's Money Policies in the 2024 Manifesto
Labour's 2024 manifesto outlines plans for economic stability, tax reform, housing improvements, and significant green investments within strict fiscal limits.
The Labour Party's 2024 manifesto introduces a range of cautious financial and economic proposals. These include commitments to maintaining the state pension triple lock, reforms to tax avoidance, and a push for economic stability through strict spending rules. Key initiatives involve establishing a publicly-owned clean energy company, addressing housing shortages with new builds, and abolishing Section 21 evictions for renters. While avoiding direct tax hikes for working individuals, Labour plans to target offshore trusts, reform capital gains tax for private equity, and remove VAT exemptions for private schools. Although the manifesto is criticised for its lack of specifics, it underscores a growth-focused approach within tight fiscal constraints.