Austerity plans under fire as UK election nears

British Prime Minister David Cameron's Conservative Party has not received the electoral support he hoped for for steering the economy into growthWith just two weeks before a knife-edge election, Britain’s major political parties Thursday faced stinging criticism from a top think tank over the lack of detail in their manifesto austerity plans. The governing Conservatives and their junior coalition partners the Liberal Democrats, as well as the opposition Labour party and the Scottish National Party, have failed to provide detailed fiscal plans for the next five years, the Institute for Fiscal Studies (IFS) said in a report. “Public finance plans of Conservatives, Labour, Liberal Democrats and SNP leave much unanswered,” the respected think tank concluded after analysing the parties’ manifestos before the general election on May 7.

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