The Economic Verdict

Today the economy is back on the agenda, with the highly vaunted Institute for Fiscal Studies (IFS) verdict on all the main parties economic plans

(Reference: The Guardian)

Today the economy is back on the agenda. Unsurprisingly, Labour are set to frame their economic argument around the NHS and the Conservatives are to frame their argument around Labour economic chaos, now with SNP influence thrown in for good measure.

However what is of particular interest today is the highly vaunted Institute for Fiscal Studies (IFS) verdict on all the main parties economic plans. If we are to go by previous comments in the media it is unlikely to be far from glowing. The IFS has previously said the differences between Labour and the Conservatives' deficit reduction strategies were "pretty stark", and that neither really added up. Will today’s verdict force Labour to admit they will need to borrow to support the level of spending they have already committed to in the next Parliament? Will the report criticise the Tories for going too far with their sweetener tax breaks and lack of detail? The verdict could yet shine a true spotlight on the issue of fiscal responsibility, an issue both parties are hoping to be perceived as and one which could yet define the outcome of this election.

One final subplot is that the last 24 hours has been both Chancellor Osborne and the Mayor of London Boris Johnson step into the ring, leading many to speculate whether they are positioning themselves for the Conservative leadership, should David Cameron not make it to number 10 next month. Certainly an interesting one to watch out for.

Julian

Hill & Knowlton Strategies Search