Reports about the contents of the Labour party manifesto suggest there will be no big spending pledges in the document when it is published tomorrow.
The booklet is expected to guarantee a doubling of paternity pay, however, and new protections for British companies from takeovers.
The paternity policy would extend the current two-weeks leave available to new fathers. It would complement existing policies coming into effect in April next year allowing mothers to transfer the second half of their year-long maternity leave to the father.
Media sources also indicate there will be support for first time homebuyers. Labour has spent considerable time trying to appeal to this group ahead of the election, with a pledge in the Budget to reduce stamp duty for first-time buyers purchasing homes under £250,000.
There will also be new restrictions on the take over of British firms, prompted presumably by the Kraft purchase of Cadburys, which can rule out a move on the basis of the public interest. The Tories are thought to disagree with the move.
But early briefings suggesting the manifesto will involve no big spending projects reflects Labour's vulnerability to Conservative attacks on the party's sense of financial responsibility.
( source: Yahoo news)
www.politics.co.uk
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