With the 2015 General Election now less than six weeks away, attention has turned to the main political parties’ economic strategy. As always the debate will have a crucial influence on who ends up in power.
David Cameron has claimed that his government are running on a “record of economic success”. A key part of his pre-election rhetoric has centred on warning of the risks involved in handing the country’s economic recovery over to the Labour Party. He has urged voters to remember Labour’s record of high borrowing while in office, something which Cameron insists would be disastrous for Britain’s economy should it happen again.
Labour meanwhile have hit back by claiming that the Tories’ pledge to clear the deficit will have a detrimental effect on social services. Ed Miliband has promised that contrary to the prime minister’s claims Labour will not need additional borrowing should they form the next government. Miliband has also made headline grabbing economic pledges such as raising the minimum wage to £8 an hour and banning zero hours contracts.
With Britain’s economy growing in 2014, the debate centres around who is the best party to manage the tricky balancing act of reducing the deficit while maintaining growth for 2015 and beyond. Voters face a choice as to whether they trust David Cameron or Ed Miliband with this proposition. With the election campaign now beginning in earnest, there are sure to be many twists and turns before the nation goes to the polls on 7th May.