Labour’s policies costed

• Labour will reverse the Tory Party cut in Corporation Tax saving the UK taxpayer £64bn over a parliamentary cycle (OBR)

• Free school meals for children 4-11, costing £900m raised by placing VAT on Post Independent schools.   This will raise £1.1bn

• £10 per hour minimum wage for all over 18s, benefitting 5.5m workers, paid for by the private sector bosses, and savings in Working Tax Credit payments.

• 17% increase the unpaid carers’ allowance worth £500 a year, paid for by reversing the recent Inheritance Tax cut

• Renationalise the railways, which will cost nothing because we’ll take them into public ownership as franchises lapse.

• Halt the tender of NHS contracts to private health, phasing out the £48bn given to private health since 2010.   This will save taxpayers between £3.5bn – £5bn in reduced profits paid to private health.

• Build 200,000 homes a year, half from the private sector at zero cost to the taxpayer.   The rest would be Council homes paid for by giving councils the power to borrow against existing assets.   Consequently, the UK’s Housing Benefit Bill to private landlords would start to fall.

• Introduce 4 new public holidays per year that BoE say would be cost neutral due to increased expenditure, 2.3bn on Public Holidays.

• End zero hour jobs by guaranteeing any worker on regular hours a contract.   This carries zero cost to the taxpayer.

• A ban on companies based in tax havens, or those who pay their CEOs more than £350,000 bidding for government contracts.   This carries no cost to the taxpayer.

• Halt the opening of free schools and new grammars.   This will save the taxpayer money as NAO says they cost more than comprehensives.

• Ban ‘sweetheart’ deals between HRMC and multi-corps and make the big firms publish their tax returns.  This will increase tax revenue.

• Eradicate the gender pay gap by making firms publish their pay differentials between men and women.   This will increase UK tax revenue from higher wages.

• Labour will cut business rates for small businesses by £1.5bn and end Multi-corps paying SMEs later than 28 days.   This will be paid for with some of the revenue from reversing Corporation Tax cuts for bigger businesses.

Labour’s policies are popular with the general public.  Surveys and focus groups show this.  

That’s because Labour’s policies are for the many, not the few.  Labour aims to build a fairer future for us all.

Vote Labour on 8th June

Vote for Raushan Ara for South Thanet