Labour spending plans leaked - papers 18 March

clock

Labour is planning to spend nearly £700bn by the end of the next Parliament, according to one of its own party documents intended to highlight Tory deficiencies, reports The Daily Telegraph.

This would be nearly twice the level of spending seen - £372bn – when Labour came into office in 1997. The Treasury has refused to endorse the Red Book figures, as they only stretch to 2007/8, the paper says, but then prime minister Tony Blair himself has referred to the spending in a bid to show how Tory plans to reduce spending by £35bn would harm public services. The figure has also been referred to by transport secretary Alastair Darling. Meanwhile, plans to offer council tax handouts to over-65s have been branded less generous than plans of other parties, the paper quotes the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Brooks Macdonald becomes BAFTA wealth management partner

Brooks Macdonald becomes BAFTA wealth management partner

Partnership starts in 2026

Jen Frost
clock 08 December 2025 • 1 min read
As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

Creativity key as chancellor faces tough tax and spending choices

Jen Frost
clock 21 November 2025 • 8 min read
Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read