The next Labour Government is prepared to take the long-term decisions necessary to secure Britain’s economy.
In these tough times, Labour will make tough choices on spending and has committed to cap welfare spending for three years and deliver a surplus on the current budget. Labour will get the deficit down in a fairer way, by raising the top rate of tax from 45p back to 50p for the richest one per cent of earners on over £150,000 and scrapping winter-fuel payments for the wealthiest pensioners. Only Labour can make Britain better off, putting hardworking people first with a plan to earn our way to higher living standards for all.
In July Labour unveiled how British business and every region of Britain can succeed together. The report Mending the Fractured Economy, Smarter State, Better Jobs - concludes that the link between economic growth and the living standards of ordinary people is broken.
Only with Labour will Britain’s economy be better off.
Under the Conservatives we have had the slowest recovery for 100 years.
The Conservatives like to say they are taking the tough decisions necessary to tackle the deficit. The truth is they have failed on their own terms: they said the deficit would be gone by 2015, but it’s now set to be £75 billion by then.