IFS analysis casts doubt on Labour and Tories' spending ahead of general election

The video analyzes the 2015 and 2017 Conservative manifestos, highlighting their limited spending and tax changes. It contrasts this with the Labour manifesto, which proposes significant tax increases and spending, questioning the feasibility of these plans within a single Parliament. The discussion also covers Brexit's economic implications, noting the Conservatives' hard Brexit stance and Labour's potential for a softer Brexit. The video concludes that it's challenging to predict which party's manifesto would better benefit the economy.

What is a key characteristic of the Conservative manifesto as discussed in the video?

• It promises significant tax cuts.

• It proposes a new healthcare system.

• It focuses on increasing welfare spending.

• It is brief on real change in tax and spending.

How does the Labour manifesto differ from the Conservative manifesto according to the video?

• It suggests tax cuts for businesses.

• It proposes less spending than the Conservative manifesto.

• It focuses on reducing national debt.

• It includes significant tax and spending increases.

What is a potential challenge for the Labour manifesto as mentioned in the video?

• Reducing the size of the state.

• Achieving proposed spending levels within a single Parliament.

• Implementing tax cuts within a single Parliament.

• Balancing the budget without increasing taxes.

What is the Conservative Party's stance on Brexit as discussed in the video?

• They propose a soft Brexit.

• They support remaining in the single market.

• They advocate for a hard Brexit outside the customs union.

• They plan to delay Brexit until 2025.

According to the video, what is a major concern regarding the economic impact of Brexit?

• The rise in employment rates.

• The reduction in public spending.

• The increase in national income.

• The potential for a no-deal Brexit.