In the run-up to the General Election, the two largest parties have attempted to paint different pictures of the economy, particularly what this means for people’s jobs, in order to justify their Manifesto commitments and – by extension – why they should lead the next Government, writes research fellow Chris Lawton.
The Conservative manifesto emphasises the strength of recovery in terms of the quantity of jobs created since the start of the Parliament in May 2010: “Thanks to the success of our long-term economic plan, Britain is creating more jobs than the 27 other countries of the European Union put together… Over the past five years, 1.9 million new jobs have been created; 1,000 jobs for every single day that we have been in government.” Continue reading
Increasing house prices, limited housing supply, and problems of affordability characterise the housing market. 30 years of very limited new building in social rented housing have led to increasing numbers of households in private renting and renting for longer. Limited wage growth and risk aversion by banks since the financial crisis has meant that saving for a deposit has become more challenging.
The Help to Buy policy introduced by the Coalition government has tried to address this issue effectively reducing the amount that borrowers need to pay upfront. The Conservative party has indicated that it would retain this policy to 2020 if re-elected in 2015. Continue reading
Whether people will vote at all is a very open question
With less than a month to go until polling day, the UK General Election promises to be the most unpredictable – and dare we whisper, exciting? – contest in the modern era. If the opinion polls are anything to go by, then it seems increasingly unlikely that any two parties will be able to muster sufficient votes and seats to form a majority two-party coalition government on May 7th. The prospect of a three- or four-party coalition government is therefore a very real one.
Let’s consider the evidence. Continue reading