Growth is Labour’s number one mission to create jobs and put money in the pockets of working people. We must deal first with the Tory £22bn black hole and that means tough decisions but that shouldn’t dim ambitions for a decade of national renewal.
Today at the Labour Party conference, the Chancellor announced October’s Budget will keep our manifesto commitments including not increasing National Insurance, the basic, higher or additional rate of income tax or VAT.
She also confirmed that this Labour UK Government will:
Deliver a New Deal for Working People that will make work pay, end “fire and rehire” and ban exploitative zero-hours contracts.
Appoint a Covid Corruption Commissioner to investigate £674m of disputed pandemic contracts and fight to get taxpayers’ money back.
End non-dom tax loopholes and crack down on tax avoidance and tax evasion.
Introduce VAT on private school fees, to invest in our state schools.
Develop a new industrial strategy for Britain, shaping long-term growth in our manufacturing and service sectors.
Extend the Energy and Profits Levy on oil and gas producers to invest in homegrown energy here in Britain.
It was a speech with real ambition to fix our economic foundations, create growth and investment and deliver the change we promised back in July.