The main economic pledge made by the Conservatives is to eliminate the deficit by 2020 and to be running an overall surplus by that time. Judging by the Conservatives’ last five years in charge, this seems to be a very real prospect. It is true that only when you eliminate the deficit that you can start eliminating the national debt, and Cameron seems very well on the road to that. In my opinion, he is the perfect antithesis to Labour, and the note that said “we have no money” which he so religiously parades, and with good reason! In this regard, Cameron in power is very good for the country. Politicians have a reputation for lying and breaking promises, however, this is one that Cameron has not broken in the past five years and hopefully will not repeat if he is declared incumbent on May 7.
However, some aspects of the manifesto are largely unsubstantiated, such as the pledge to give £8 billion a year to the NHS till 2020. This seems all very well and good on paper, but when you actually analyse this, you come to the ironic fact that if you would ask a Conservative about this in 2017, for example, they would respond with the words of that Labour note: “I’m sorry, there is no money”. In this regard, it feels like Cameron is simply trying to garner more votes and will not actually carry out this pledge if he is declared incumbent.
Having said this, the Conservatives seem to be the party of the working people, yet again, as evidenced by Cameron’s pledges to raise the personal allowance to £12,500 and the 40% tax threshold to £50,000. In addition to this, he also wants to reduce the benefits cap. This means that if the Conservatives are declared incumbent on May 7, that the working people will benefit the most from Cameron’s pledges, however not so much the non working contingent, who are reliant on the state. This is the reason why this sector of the population are largely voting Labour, as reducing the benefits cap is a massive no-no to them.
If you are working, however, you would welcome with open arms their pledges regarding the personal allowance and tax threshold. Simply, this means that you get to keep more of your own money, and thus have more disposable income to spend on necessities and the occasional luxury. This is a superb idea, which means that the working person is rewarded for his or her work more, and might be the one which swings the Conservatives into power once more.
Cameron also pledges no rise in VAT or national insurance contributions, which the majority of the public will swat away with ease, for he said this exact same thing five years ago, and within a matter of years, VAT was raised to 20%. As such, this policy which reads good on paper could actually be a detriment to the Conservatives, as people will see them as the same old party, who definitely will not be fooling the public again.