Starmer given reality check on growth plans as he unveils £8.6bn of tax rises

The Institute for Fiscal Studies said a Labour government would be unable to avoid 'difficult' decisions on spending cuts despite the leader's insistence there will be no return to austerity

“I’m running as a candidate to be Prime Minister, not a candidate to run the circus,” he told the launch event in Manchester. “The manifesto confirmed Labour’s green investment plans, which represent a genuine boost to public investment compared to existing plans. But even these will leave non-green investment falling in real terms and as a share of national income.”

The manifesto sets out plans to speed up this growth including through the planning system and a new industrial strategy. “What we want to make sure is that for working people, we don’t want to see the tax burden on working people going up. We want to see the tax burden go down.”It also emerged that Labour plan to have just one major fiscal statement or Budget each year, in the autumn.

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