What are Labour’s Actual Policies?

this video is brought to you by brilliant the labor party ever since its Inception in the early 1900s has fought various internal battles over what it stands for this tension usually exists around whether the party should primarily represent those on the left of the party who Advocate more for the implementation of socialist principles or those on the right of the party those that are more pragmatic about the changes they want the party to make only a few years ago Jeremy Corbin helmed the labor party and rehap it to fit his more leftwing view of politics under him the party advocated for the scrapping of tuition fees rationalizing public utilities and Railways and the reversal of austerity Cuts now the party is led by sakir starma who has made a concerted effort to demonstrate that the party has changed under his leadership the question is though aside from just not being led by Jeremy Corbin anymore what exactly does the labor party stand for at the moment if K arm is elected prime minister later this year as the polls all suggest he will be what sort of government will he [Music] lead before we start if you haven't already please consider subscribing and ringing the bell to stay in the loop and be notified when we release new videos now the most important issue at the moment for the country is the cost of living crisis over the last few years High inflation and high interest rates have really started to have an effect on the standard of living of working workers and families up and down the country in the last year starm is really trying to demonstrate that the labor party can be trusted on the economy this has been a little tricky for starma though as when he ran for the leadership originally he tried to paint himself out as more of a radical reformer who'd be willing to make big expensive changes to the country he committed to ending tuition fees saying that the labor party must stand by its commitment to end the national Scandal of spiraling student debt and abolish tuition fees however in his attempt to demonstrate fiscal responsibility he backtracked on this saying the country now finds itself in a different financial situation in an interview with us last year Shadow Chancellor Rachel Reeves said this of the policy it would cost billions of pounds to get rid of University tuition fees and look the truth is in the economic situation we find ourselves in to commit to that without being able to say where the money is going to come from it's just a false promise the thing is this isn't the only costly policy that labor have backtracked on in the last year starma has also backtracked on the commitment to increase tax on the top 5% of earners again defending this by saying that we are now in a different situation and adding that we've got the highest tax burden since World War II and well the most publicized economic U-turn was Labor's abandonment of their green Prosperity plan this was a plan to invest 28 billion pounds in the economy to mitigate the worst effects of climate change starma dropped this plan following the Tory's use of this as an attack line against Labour's economic credibility for his part starma blamed the aftermath of list truss's mini budget for the decision to drop the plan although this caused a lot of frustration from people in his own party with some using this as evidence that as prime minister starma would not take the climate crisis seriously enough these critics would also say that his decision to drop all the other commitments mentioned shows that starma is a man lacking any real ideology or conviction and that his government would be more reactive than proactive however star's allies would argue that these u-turns all seem to be part of a wider plan he knows that labors often struggle to gain economic credibility with the electorate only a few years ago the resolution Foundation claimed that the 2019 labor Manifesto would have led to an extra 135 billion in spending which would have brought SP in as a share of GDP to its highest level since the second world war so starmer's decision to u-turn on expensive policy commitments is a way of signaling to the electorate that labor can be trusted with the economy now this will inevitably lead to the criticism that starma isn't actually all that ideologically distinct from the Tories after all it was only last week that the labor leader said that he'd support sunak National Insurance cut fuel Duty cut and NHS Investments however starma like reasons that this is worth it for being more trusted on the economy and to be fair as yug polling has shown labor has been more trusted on the economy than the Tories since mid 2022 so it's clear that labor would be relatively moderate when it comes to the economy with them being restrained on public spending and on tax cuts but what about other policy areas well on the international front it seems that starma would continue The Stance of the current Tory government following the October the 7th attack he made clear that the labor party condemned the actions of Hamas and that they support a two-state solution putting him yet again in lockstep with the Prime Minister now it is worth noting that there were some that were frustrated in the following weeks that Starman didn't go further in his condemnation of the Israeli response both sunak and starma have been reluctant to call for a full ceasefire in Gaza with them both instead insisting on a sustainable ceasefire however when we look at domestic policy it does seem that there some key ways that starma would try and set his government aside from the Tories firstly the labor leader has insisted that his government will be radical when it comes to house building they promised to build one and a half million more homes over the next Parliament and promis to give dibs to firsttime buyers through a government-backed mortgage guarantee scheme for their part the Tories have also been Keen to demonstrate that they're putting an effort into easing the housing crisis although they've tended to look more at the demand side by for example promising to introduce 99% mortgages and promising to make renting fairer via the renters Reform Bill labor are clearly aiming to be far more radical on housing than the Tories then and to be fair this is something that starma himself has pointed out as a huge area of disagreement between his party and the Tories another area of disagreement with the Tories is on the net zero transition now as we mentioned earlier starma has ditched the costly 28 billion pound a year promise but he is sticking by the plan to try and decarbonize electricity by 2030 this is a significant difference from the Tories who have in the last year pushed back Net Zero targets so all in all it's clear that starma has been Keen to demonstrate that the labor party has changed and that it can be trusted on the economy while this has led to a seemingly less ambitious policy platform starma has maintained some key policies which he hopes will prove to the electorate that the party will improve br WR we'll just have to wait and see if this policy platform gets more ambitious when the full Manifesto is released in the runup to the general election a lot of stuff that we talk about at tldr news can seem pretty complicated especially when we dive into economics and detailed data which is why we use brilliant.org to keep us sharp brilliant is where you learn by doing with thousands of interactive lessons in maths data analysis programming and AI brilliant is a learning platform designed to be uniquely effective their first principles approach helps you build understanding from the ground up which is also how we structure tldr videos each lesson is filled with Hands-On problem solving that lets you play with Concepts a method proven to be six times more effective than just watching lectures plus all content on brilliant is crafted by an award-winning team of teachers researchers 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Channel: TLDR News

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Length: 9min 18sec (558 seconds)

Published: Sun Mar 17 2024