Labour has announced a range of new policies to rebuild Britain.
ON EDUCATION AND SKILLS: As well as focusing on those who go to University, our Technical Baccalaureate will offer a clear vocational route to a gold standard qualification for those forgotten 50% of young people who don’t go to University. Business will take the driving seat with our new approach to apprenticeships, ensuring they have all the tools they need to expand.
ON BANKS: We need to make sure that banks work for the country instead of the country working for banks. The Government isn’t delivering the change we need. If the Tories won't do it, then the next Labour Government will put an end to the "casino culture" in banking that takes ordinary people and businesses for a ride.
ON ENERGY PRICES: The Tory-led Government has failed to stand up to the big energy companies whose price hikes are hitting families. Under Labour if energy companies don’t cut energy prices we will intervene. We’ll insist that older people are put on the cheapest tariffs, create a new energy watchdog with tough new powers to force energy companies to pass on price cuts and clamp down on abuses by the energy giants.
ON PENSIONS: We have an ageing society, but fewer than 50% of employees save into a workplace pension. Why? People don’t trust the pensions industry which complicates schemes making them too difficult to work out. High charges that erode the value of pension savings and undermine trust. We will take action against excessive pension charges.
ON HOUSING AND JOBS: Labour is calling for 100,000 more affordable homes to be built to kick-start the economy and create jobs, alongside a two-year stamp duty holiday for all first time buyers purchasing properties up to £250,000. The plan should be funded using the £3 billion to £4 billion expected to be raised from the forthcoming auction of the 4G mobile phone spectrum.
TAKING TOUGH DECISIONS: Labour will not make promises we cannot keep. Borrowing is rising this year because of this Tory-led Government's failure. That's why we cannot promise now to reverse any tax rises or spending cuts. We will make sure that every pound the Government spends is spent effectively.