Which party do you trust with the economy? Tories, Labour and Lib Dem head to head

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This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 19 May 2017

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The manifestos are out, but which political party would you trust with the UK economy? We look at Labour's plan to hike taxes, the Tories' plan to ditch the triple lock and the Lib Dem's plan to make a bit of cash on the side from selling weed. This week we finally got the triple whammy of what our three main political parties will do, so would any of these plans work and what do people think about them? Simon Lambert, Adrian Lowery and Georgie Frost delve into the details in the latest This is Money podcast. And it's not just the election, also up on this week's show is Lloyds vanishing Avios points, as it moves out of state ownership, the question of whether people should ditch their diesel and whether we should worry about a car finance bubble.

Transcript

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0:00.0	Welcome to this Money Show. I'm Georgie Frost. In the studio with me is editor Simon Lambert and Deputy Editor Adrian Lowry to round up the week's top stories. They've been covering on their award-winning website. And coming up, bye-bye, buy-to-let, cheerio Lloyd's Bank and adios, avis.
0:21.4	Hello, rising inflation and welcome back shoppers.
0:24.6	But first, we've had the speculation, we've had the leaks, now we get the promises.
0:29.1	I'm talking to the release, finally, of the party manifestos ahead of the June general election.
0:34.6	The Liberal Democrats offering us the opportunity to change Britain's future
0:38.9	by changing the opposition, Labour promising to be for the many, not the few, and yes, more
0:44.9	strong and stable leadership from the Tories. A manifesto to see us through Brexit and beyond.
0:53.5	A plan for a stronger, fairer, more prosperous Britain.
0:58.0	A plan to seize the opportunities ahead and to build a country that our children and grandchildren are proud to call home.
1:08.0	This is a manifesto for all generations. We're providing hope and genuine opportunity for everybody.
1:16.6	Because people want a country run for the benefit of the many, not the few.
1:23.6	You may be too scared to come here tonight, for your U-turns to be highlighted, for your cruel policies to be exposed.
1:32.3	You want this election to only be about Brexit because that means you avoid talking about the real issues like the NHS.
1:40.3	I would also want to see the minimum wage over the next Parliament start to rise in line with the living wage, so it becomes a real living wage.
1:50.0	And I tell you what else I would do. I would end the freeze on working age benefits.
1:55.0	We would take that money directly from a foreign aid budget, which is costing us around 13 billion pounds every single year.
2:01.6	We would cut that back to 0.2% of GDP, which is exactly the same as it was in the United States under Barack Obama.
2:08.6	You, the general public, should have the final say on that final package.
2:14.6	Now, if you like what you see, then that's great. Go for it. But we believe that you
2:18.6	should have the right to be able to look at the small print and decide if you don't like it,
2:23.0	then you should have the right to be able to remain inside the EU. The Britain I love is open,
2:27.6	tolerant and united. If that is the Britain you love too, then this is the moment to stand up. This is your chance to change Britain's
	...

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