Labour promises not a 'single penny of extra borrowing'

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Labour has pledged that each of its policies will be fully funded and need no extra borrowing, as it launches its manifesto on Monday.

Leader Ed Miliband will say his party will not have a "shopping list of spending policies" and would cut the deficit every year, according to the BBC. The Conservatives would go on a "reckless spending spree", he will say. Miliband will say the Labour manifesto, "sets out a vow to protect our nation's finances; a clear commitment that every policy...

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