Summary

  • The Conservatives promise a law guaranteeing no rise in income tax, national insurance or VAT before 2020

  • But Labour say Tory plans would mean cuts to tax credits totalling £3.8 billion

  • The Lib Dems pledge to offer free schools meals to all children in England

  • There are eight days left until the general election

  1. Add to the debatepublished at 08:18 British Summer Time 29 April 2015

    Text: 61124

    Daily Politics viewer:

    I have just read the IFS withering assessment of Con/Lib/Lab fiscal policies. Surely it is time for 'none of the above' to be added to the ballot paper. They try to get elected and therefore employment by lying. Obtaining a pecuniary advantage?

  2. Sticking with inflationpublished at 08:18

    BBC Radio 4 Today

    Ed BallsImage source, Getty

    Ed Balls says Labour will increase tax credits "at least in line with inflation". What about the 40p income tax threshold - will it be frozen? "No, we're not going to do that," the shadow chancellor says. It will be increased in line with inflation, too.

  3. 'Ridiculous gimmick'published at 08:15

    BBC Radio 4 Today

    Ed Balls, now being interviewed on the Today programme, says the Conservatives hadn't included the tax lock in their manifesto and repeats Labour's claim that the move is a "last-minute gimmick". What's the point of legislating, he says, when there's a finance bill pushed through? "It's such a ridiculous gimmick," he says, adding that the phrase "once bitten, twice shy" applies here. "People were bitten quite hard by David Cameron," Mr Balls says. He doesn't mean literally, we think... he says Mr Cameron said he wouldn't put up VAT before the last election then did just that.

  4. Sturgeon highlightspublished at 08:12

    Nicola Sturgeon

    As promised, here’s some highlights from the Nicola Sturgeon interview on Breakfast earlier:

    - The SNP leader denies seeking a mandate for a second referendum in this election campaign

    - Ms Sturgeon says she’ll block a Tory government before putting pressure on Labour to ensure it is replaced with “something better”, not just a “Tory-lite government”

    - She says the SNP is proposing an increase of 0.5% in public spending over the course of the next parliament

    - The Scottish first minister says Britain needs “strong conventional forces” and laments these have been “compromised” by the “obsession” with Trident.

    Quote Message

    “Let’s be very honest - my view is if the country had £100bn to spend over the next 30 years, that’s money that should be invested in better healthcare, better childcare and better education, not on new nuclear weapons.”

  5. The risks of the photo oppublished at 08:08 British Summer Time 29 April 2015

    A tweet from our colleagues...

  6. Promises, promisespublished at 08:05 British Summer Time 29 April 2015

    The LBC presenter tweets...

  7. Nuclear deterrentpublished at 08:01 British Summer Time 29 April 2015

    The BBC's political correspondent tweets...

  8. Is anybody listening?published at 07:58 British Summer Time 29 April 2015

    BBC East's political correspondent tweets...

  9. 'False assumptions'published at 07:58

    Council housingImage source, Getty Images

    The Conservatives have been rebutting Labour’s claims about their policies hitting family budgets, claiming the figures are based on false assumptions and ignore Tory promises on welfare savings. A spokesperson says the one “guaranteed risk” to working people’s finances is “Ed Miliband, propped up by the SNP, crashing the economy and putting up taxes, just like he did last time”. The Tories say they will cut 30 million people’s income tax, remove those working 30 hours a week on the minimum wage out of income tax altogether and offer extra childcare help to working parents. “But if you work hard, Ed Miliband and the SNP will be coming after your money through higher taxes,” their spokesperson adds.

  10. Benefit 'plan'published at 07:53

    BBC Radio 5 Live

    Next William Hague is invited to commit to not cutting more than £12bn in benefit cuts. "That is the plan to have £12bn of reductions in welfare spending," he says. It rests on "forecasts", but there's no absolute commitment on offer. "The track record is there," he says.

    The Liberal Democrats have also called today's policy a "gimmick". What happens if Nick Clegg and co don't support it? Mr Hague says the Conservatives are working towards a majority government - but in the event of a hung parliament he's not too concerned. "There were many things which they had denounced in the election campaign [last time] which they then signed up to," he says drily.

  11. Flaw in the plan?published at 07:48 British Summer Time 29 April 2015

    Newsnight's economics correspondent tweets...

  12. Promises vs lawspublished at 07:48

    BBC Radio 5 Live

    David Cameron and William HagueImage source, AFP

    And now William Hague is on BBC Radio 5 Live, being asked whether the Tories' broken promise on VAT in 2010 is what's made the plan to legislate against such a move within the first 100 days of the next parliament necessary. "People are sceptical about promises, it's true... But ones which are underlined by legislation... are of course very strong," the first secretary of state says. Labour has dismissed the move as a "gimmick". "If that was the case they could replicate it, couldn't they?" Mr Hague adds. "They don't want to do the same because their actual agenda is to raise taxes."

  13. Backbench powerpublished at 07:45 British Summer Time 29 April 2015

    The Financial Times' deputy political editor tweets...

  14. Family budgets offensivepublished at 07:42

    Ed MilibandImage source, PA

    Ed Balls referenced some of the points to be made by Ed Miliband later. The Labour leader’s making a warning to families that their budgets are going to be hit by Tory spending cuts and a “raid” on tax credits. He’ll be in central London highlighting House of Commons Library research showing that families with one child will lose tax credits when their incomes hit £23,000 a year, leaving them over £1,600 a year worse off. Mr Miliband - mirroring David Cameron’s language about not trusting Labour - will say:

    Quote Message

    I ask you this: do you believe what you’ve heard from the Tories in the last five weeks, or what you’ve seen and what your family has felt in the last five years? It’s when you remember their record you realise the reality of their plan. It’s a record the Tories are desperate not to talk about, a record to run from, not run on."

  15. Balls: Brand right on 'lies'published at 07:35

    BBC Radio 5 Live

    Ed BallsImage source, European Photopress Agency

    Russell Brand talks of "the lies and treachery and deceit of the political class". Has he got a point? Yes, Ed Balls says - citing David Cameron's U-turn on VAT and Nick Clegg's broken promise on tuition fees. He defends his jobs guarantee, saying raising the tax on bankers' bonus will enable Labour to offer work for young people. Doing that will help keep young people out of unemployment, the shadow chancellor says.

  16. Stealing votes?published at 07:31 British Summer Time 29 April 2015

    The Daily Mirror's associate editor...

  17. Conservative tax lockpublished at 07:30 British Summer Time 29 April 2015

    The Guardian writer tweets...

  18. Balls: Brand's views 'ridiculous'published at 07:27

    BBC Radio 5 Live

    Ed BallsImage source, Getty

    Ed Balls is being asked about Ed Miliband's interview with Russell Brand. Would he have done the same? Yes, the shadow chancellor says, because Brand is "someone who appeals to a particular audience of young people". But this is a man who's made some rather controversial statements, hasn't he? Mr Balls says he can disagree with the person interviewing him - and finds himself being quizzed about his knowledge of Nicky Campbell's articles. He then switches back to Brand by saying he has "ridiculous views".

  19. IFS analysis 'flawed'published at 07:23

    BBC Breakfast

    Nicola Sturgeon

    What would be your demands be in return for supporting a Labour government? That's the question asked to Nicola Sturgeon on BBC Breakfast. "Our number one priority is to see an end to austerity. Modest, responsible spending increases," the SNP leader says.

    But the independent Institute for Fiscal Studies says the SNP would actually extend the period of austerity, presenter Bill Turnbull points out.

    "I dont accept that and I think the IFS study has some fairly fundamental flaws in it," replies Ms Sturgeon. Bold move - not many people criticise the IFS.

    She says the IFS gave “no credit” to the spending plans of the SNP or to their plans to raise revenue through modest tax rises.

    We'll have a listen back to what else Ms Sturgeon said and bring it to you ASAP.

  20. Hague on Tridentpublished at 07:18

    BBC Radio 4 Today

    Yesterday Michael Fallon seemed to suggest Conservative support for Trident is a little shaky. "Conservative MPs will always vote for the national interest," Mr Hague says - adding that this involves a nuclear deterrent. He says Britain needs nuclear submarines and says the Tories would vote for this - but casts doubt on whether Labour would actually bring the issue to a head in the Commons if it was propped up by the anti-Trident SNP.