Politics

David Cameron will take to the stage in an hour to launch the Conservatives’ 2015 manifesto. Before he does, a short video will roll to introduce the themes of the document. We can bring you a teaser of that video now — watch above. The message in the short clip is based on how the Tories have turned around the economy over the last five years: ‘When Labour left power it left a note. It read: “there is no money”. ‘Five years on, notes of a different kind are turning people’s lives around. Job offers. Lower tax bills. Apprenticeship offers. Mortgage approval letters. Confirmation of school places. ‘These notes are

‘The economy has entered deflation,’ announces the BBC news presenter, as if this was a kind of recession. Au contraire. Shopping bills are shrinking, and this is unalloyed good news. The cost of living has been a problem in recent years, but now petrol prices are plunging and the cost of goods (i.e., shopping) is now 2.1 per cent lower than a year ago. The cost of services is up by 2.4 per cent, so technically that means zero inflation – contra the BBC headline. But the overall point holds: stuff is getting cheaper. [datawrapper chart=”http://static.spectator.co.uk/pICZY/index.html”] The prices of clothing is down month-on-month for the first time since the CPI inflation index was invented.

Today, it’s the Conservative Party’s turn to release its manifesto. Labour pushed out its own document ‘Britain can do better’ yesterday, so it’s Tories’ turn to try and better it. As with Labour’s manifesto, the big announcement has already been briefed out and has made the front pages of most newspapers: extending right to buy. To help guide you through the melée of stories and spin, here is a summary of today’s main election stories. 1. Thatcherism is back Unless the Tories have another big surprise in store, the centre piece of their 2015 manifesto is a pledge to extend right-to-buy for 1.3 million families in housing association homes. The Tories

At Coffee House, we occasionally criticise George Osborne for stretching the truth when describing the deficit — but when it comes to hoodwinking broadcasters and deceiving voters, Ed Balls is the master. Three times on the radio today he lied about Labour’s plans, saying that he intends to have the national debt falling. He has no such plans: what he means is that he plans for the national debt to rise, but to rise more slowly than the economy is growing. What he means is that his plan is not for the debt to fall, but for a ratio to fall: the debt/GDP ratio. And it isn’t very ambitious, because that ratio already is falling. listen to ‘Today:

The third week of the campaign is going to be all about manifestos. Today, it’s Labour’s turn to launch its plan — while the Tories, Liberal Democrats, Ukip and Greens will take their turns in the coming days. But instead of the traditional strategy for government, folks in Westminster are describing the documents as ‘the opening salvo for coalition negotiations’. To help guide you through the melée of stories and spin, here is a summary of today’s main election stories. 1. The party of fiscal responsibility? There’s one big story to watch today: Labour’s manifesto. Many inhabitants of the Westminster bubble are currently en route to Manchester for the launch this

Labour’s manifesto launch today sees the party seeking to confound expectations. Even though the party would prefer to fight a comfortable election campaign on the NHS, the fact remains that no party has won when behind in the polls on both the ratings of its leader and on the economy. And so the first page of the party’s manifesto, which was released last night, says this: ‘Our manifesto begins with the Budget Responsibility Lock we offer the British people. It is the basis for all our plans in this manifesto because it is by securing our national finances that we are able to secure the family finances of the working