Manifesto pledges at a glance CONSERVATIVE “The party of working people” LABOUR “Change the way the country is run and who it is run for” ECONOMY Eliminate deficit by 2017/18 and run overall surplus before end of next Parliament in 2020 Cut deficit every year, balance books as soon as possible. Every policy to be paid for without any extra borrowing TAXES Personal income tax allowance to be raised to £12,500. Workers on minimum wage will pay no income tax at all 50% tax rate on annual incomes above £150,000 and new 10p starting rate. Abolish non-dom status which gives tax privileges to foreigners living in UK NHS £8 billion extra funding a year by 2020 Extra £2.5bn for NHS – paid for by mansion tax on properties over £2m HOUSING Extend Right to Buy to 1.3m housing association tenants Ensure that by 2020 new homes are being built at rate of 200,000 a year JOBS Two million new jobs and 3 million apprenticeships by 2020 Ban zero-hours contracts and raise minimum wage to over £8 an hour TRANSPORT Rail fares frozen in real time until 2020 Rail fares frozen for one year, funded by delaying £200m of road projects EDUCATION Protect schools budget, create 500 new free schools Cut university tuition fees from £9,000 to £6,000 DEFENCE Replace Trident. No protection for pledge of 2% of GDP defence spending made at last year’s Nato summit Committed to continuous at-sea nuclear deterrent. No commitment to maintain defence spending at 2% of GDP Sources: Party manifestos Pictures: Associated Press words 259