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Labour Says It Wants Budget Surplus If It Wins Next UK Election

The leader of the opposition Labour party said on Sunday his party wants to eliminate Britain's budget deficit by 2020 if it wins the next election, matching a pledge by Prime ... More The leader of the opposition Labour party said on Sunday his party wants to eliminate Britain's budget deficit by 2020 if it wins the next election, matching a pledge by Prime Minister David Cameron's Conservative party. In a move aimed at shoring up Labour's tarnished fiscal credibility, Ed Miliband said his left-leaning party was determined to get the deficit down, saying it intended to put forward credible, properly costed proposals to do so. Ahead in opinion polls in the run-up to a 2015 national election, Labour is trying to counter political rivals who constantly remind voters that it left Britain saddled with the country's biggest peacetime deficit when it left office in 2010. Less

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