The Labour Manifesto: For the Many, Not the Few

Laura's commentary this week highlighted the manifesto of the Labour Party in the U.K. which laid out what the party meant by the campaign slogan "for the many not the few." On the heels of this manifesto, the Labour Party managed to close a stunning 24 point deficit and demonstrated that an unapologetically left program resonates with the people.

Read a selection from the manifesto below.

 

"CREATING AN ECONOMY THAT WORKS FOR ALL

We will measure our economic success not by the number of billionaires, but by the ability of our people to live richer lives.

Labour understands that the creation of wealth is a collective endeavour between workers, entrepreneurs, investors and government. Each contributes and each must share fairly in the rewards.

This manifesto sets out Labour’s plan to upgrade our economy and rewrite the rules of a rigged system, so that our economy really works for the many, and not only the few. Britain is the only major developed economy where earnings have fallen even as growth has returned after the financial crisis. Most working people in Britain today are earning less, after inflation, than they did ten years ago. Too many of us are in low-paid and insecure work. Too many of us fear our children will not enjoy the same opportunities that we have.

 

Labour will turn this around. We will upgrade our economy, breaking down the barriers that hold too many of us back, and tackling the gender pay gap. Our National Transformation Fund will deliver the investment that every part of Britain needs to meet its potential, overcoming years of neglect. Our industrial strategy will support businesses to create new, high- skilled, high-paid and secure work across the country, in the sectors of the future such as renewables. We will stop our financial system being rigged for the few, turning the power of finance to work for the public good. And we will put small businesses at the centre of our economic strategy.

The growth created by our national investment plan, underpinned by the responsible economic management embodied in our Fiscal Credibility Rule, will create good jobs, drive up living standards and improve the public finances.

It is a plan that will deliver Labour’s vision of an economy that works for the many, not just the few – a Britain in which no one is held back."

 

Read full text here.


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