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Election 2015: Confused Eds

Posted by
16 Feb 2015
All the hype this time last week was around 100 days until the 2015 election. I personally can’t wait for the big day and all the build-up is just brilliant for all the political junkies out there like myself.

But to this week’s ‘dialogue’ – a bad week for Ed Miliband – and the other Ed!

It’s been well documented that Ed Balls forgot his lines on Newsnight, but far more important and crucial to the economic well-being of UK PLCs is Labour’s current tax policy which is in complete tatters and turmoil, with business leaders suggesting that a Labour government would be dangerous for business taxation,. In addition there are two areas currently that both Ed's are struggling with; the Mansion Tax and Student Fees.

If you analyse the implementation of a Mansion Tax on house sales over £2 million, the revenue generated from it could range from £1-2billion – meanwhile the LibDems are claiming re-banding of Council Tax could actually raise significantly more. Whichever way you slice it, both parties are dining out on the idea that this new taxation is the savour of our current economic deficit, as well as the NHS. It is complete nonsense. It’s rhetoric. It’s electioneering which unfortunately the UK electorate are believing.

Another proposal from Labour to add to the Mansion Tax pot has been reducing Student Fees from the capped £9k a year to £6k has been slammed by Sir Christopher Snowden, President of Universities UK for potentially leaving a £10 billion shortfall in their funding, and not actually addressing the real issue which is the cost of living for students. In fact, looking at the statistics, there hasn't been a drop off in those applying for university since the fees were increased, and there has been a balance in applications from students from poorer backgrounds. I can’t help but feel this policy is looking to redress the wrongs of the previous Labour government, who initiated tuition fees in the first place.

These policies are pandering to the electorate. They seem to be ill thought through and bereft of any coherent analysis and depth as to how they would work; it sounds like a spending spree which will hit key pockets of support for the Labour voter, but many will question if we’ve heard these promises before – and haven’t we just suffered through the result of overspending.

It is these key policies that the press and media should be constantly be challenging Labour on instead of the constant focus on Miliband’s likeability – analysis of this doesn’t benefit the progression of the argument, or provide more information for the electorate, it makes the election look like it’s being covered by Heat magazine!

Or maybe the media have forgotten – just like Ed Balls.
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