Reading their websites is hopeless – neither party actually seem to be saying anything in concrete terms. Perhaps I’m just a little slow though.
With a Politics AS looming it would be helpful to know about party policies. I’m aware of the history of both parties and what they traditionally stood for, but I need to focus on present policies. It would be very helpful if somebody could give me a brief breakdown! Thank you 
(In the UK)
At the moment, not a lot, as both are vying for the attention of the middle ground and floating voters.
I know that traditionally Labour were seen as revolutionary, in so much as their attitudes towards change, wanting a major overhaul of the state and society, whereas the Conservatives resisted change. The extent of which this is still true is questionnable.
Despite the many similarities there are still massive policy differences, particularly over ID cards, taxes, Europe, the Iraq War.
Example: The Torys believe in patient and pupil ‘passports’ which would allow individuals to take money out of tax-payer funded institutions, most notably the NHS. Individuals would use it to buy services in the private sector, such as private hospitals or even a place in a private school. With healthcare specifically, the would ‘top-up’ the taxpayer contribution from their own funds.
This is different from New Labours policy, which does use private hospitals to try and clear backlogs of NHS operations, but does not advocate the use of private healthcare directly.
There are also some marginal differences in attitudes to policy on education. Labour wish to place prime focus on early learning, wheras the Conservatives focus more on discipline.
Labour have embraced markets, and the Torys have embraced gay marriage, and both are (currently at least) relentlessly campaigning for support in the middle ground, arguably by taking the ‘third way’ but there is still a lot for them to quarrel over: multiculturalism, Atlanticism versus Europe, Asbos and the virtues of prison. Also hunting, Iraq, asylum and immigration.
Main difference is, and most likely always will be, taxes.