The Labour party is holding its conference in the UK this week, and leader Ed Miliband and Shadow Chancellor Ed Balls have already been making strong policies and promises.
Miliband opened by challenging David Cameron's leadership and calling for a tax cut to kick-start growth. Balls then followed by proposing a five-point plan to enhance Labour's economic credibility.
The five were: repeating the bank bonus tax; creating jobs through long-term investment; reversing the VAT rise temporarily; cutting VAT 5% on home-related work; a national insurance break for small firms which hire new workers.
The Conservatives critised the suggestions, citing Labour's "addiction" to debt.
http://thenewsportal.net/?p=1212370
Source:
http://www.bbc.co.uk/news/uk-politics-15054705
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