Ed Miliband MP, Leader of the Labour Party, and Ed Balls MP, Labour’s Shadow Chancellor, today launched Labour’s campaign for jobs and growth to boost Britain’s economy.
Labour has set out a clear five-point plan to create jobs, help struggling families and support small businesses. Our jobs plan includes tax breaks for small businesses taking on extra workers, a temporary VAT cut which would give families a boost of around £450 and tax on bank bonuses to fund 100,000 jobs for young people.
Labour’s five-point plan for jobs
1. A £2 billion tax on bank bonuses to fund 100,000 jobs for young people – which they would be required to take-up – and build 25,000 more affordable homes.
2. Bringing forward long-term investment projects – schools, roads and transport – to get people back to work and strengthen our economy for the future.
3. Reversing January’s damaging VAT rise now for a temporary period – a £450 boost for a couple with children – immediate help for our high streets and for struggling families and pensioners.
4. A one year cut in VAT to 5% on home improvements, repairs and maintenance – to help homeowners and small businesses.
5. A one year national insurance tax break for every small firm which takes on extra workers – helping small businesses to grow and create jobs.
Click here to read more about the five-point plan on the Party's website and to pledge your support.
Labour’s five-point plan for jobs
1. A £2 billion tax on bank bonuses to fund 100,000 jobs for young people – which they would be required to take-up – and build 25,000 more affordable homes.
2. Bringing forward long-term investment projects – schools, roads and transport – to get people back to work and strengthen our economy for the future.
3. Reversing January’s damaging VAT rise now for a temporary period – a £450 boost for a couple with children – immediate help for our high streets and for struggling families and pensioners.
4. A one year cut in VAT to 5% on home improvements, repairs and maintenance – to help homeowners and small businesses.
5. A one year national insurance tax break for every small firm which takes on extra workers – helping small businesses to grow and create jobs.
Click here to read more about the five-point plan on the Party's website and to pledge your support.
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