Labour’s Vision: We have a plan for a fairer economy, and the policies to make it happen. These can be broken down into different categories: Fairer Taxation, Sustainability, Democratising Services, Reducing the Deficit, Worker’s Rights and Investment

A Labour Government would promote: Public Ownership

 Labour will bring the railways and key utilities like energy and water back into public ownership
 Labour will amend company law so that directors owe a duty directly not only to shareholders but to employees,
customers, the environment and the wider public”
 Labour plans involve not only bring these industries back into public ownership but will also work to ‘democratise’ the running of public industries giving employees a ‘right to own.’
 Workers can democratically play a part in the decisions regarding the running of the companies they work in, instead of these decisions being made by private elites.

A Labour Government wants: Sustainable Growth
 The climate crisis is one of the biggest issues facing the planet as a whole. We need to build an economy that protects the planet
 Develop a clean energy plan with 60% of power and heat from sustainable sources by 2030
 Cut CO2 emissions by 45% by 2030
 Create over 400,000 skilled new jobs in the sustainable energy industry
 Ensure a fairer system of energy prices for homeowners, regaining control of an overpriced, inefficient and polluted system of energy supply

A Labour Government would introduce: Fairer Taxation

 Place the tax burden on those who can afford, not on those who can’t.
 Clamping down to on Tax Avoidance, raising up to £6.8 billion.
 Increased tax for the top 5% of earners with a 50% rate on income over £123,000.
 Increase in Corporation Tax in annual increments up to 26%

A Labour Government wants: Investment

 A National Investment Bank to provide infrastructure for long term funding for SMEs
 A £250 billion ‘National Transformation Fund’ to create new high skill high pay jobs across the country, in key sectors of the future – Housing, Technology, Renewable Energy and Infrastructure

As a Labour Party, we recognise that our economy isn’t working for everyone. It is weighted in favour of a wealthy few, while the ordinary people of our country shoulder the burden. We want an end to austerity and to rebalance the economy to end inequality.

Worker’s Rights

 Introduce a £10 per Real Living Wage
 An end to zero hours contracts
 Reverse anti-trade union laws
 Employee/Inclusive Ownership Funds: Transfer 10% of the equity in all British firms with over 250 employees into worker-owned and controlled funds over the next ten years.
 “Right to own” – give workers a right of first refusal when privately listed companies are being floated, sold, or closed

A Labour perspective on Austerity:

 In summary, the Tories have made the rich richer at the expense of the ordinary people of Britain. Even the IMF admits that is wrong: “increased inequality can erode social cohesion, lead to political polarisation, and ultimately lower growth”