Latest Public Sector News

24.09.13

Small business tax cut to benefit 1.5 million – Miliband

Miliband is to announce business rate cuts for small firms and set out a new housing strategy in his keynote speech to Labour’s annual party conference today.

If Labour wins the next election, around 1.5 million small businesses could save an average of £450 over two years. Business rates are set to rise in 2015, but Miliband would reverse this increase for companies with an annual rental value or £50,000 or less.

The rates would return to 2014 levels, and be frozen for 2016. The plan would be funded by reversing a planned UK-wide cut in corporation tax, Miliband will say.

He will also announce plans to build 200,000 new homes a year by 2020 and introduce a review to draw up faster housing reform legislation. The review will consider how compulsory purchase orders could be strengthened, and councils will be given powers to charge developers for sitting on land that is not developed with planning permission, as well as a ‘right-to-grow’ where they can demand neighbouring authorities’ cooperation for housing development.

Miliband will say: “David Cameron talks about Britain being in a global race. But what he doesn't tell you is that he thinks the only way Britain can win is for you to lose. "The only way we can win is in a race to the top.

“Too many of the jobs we're creating in this country are just too low paid, too many of the gains in our economy are just scooped up by the privileged few, including those big bonuses, and too often you are left being charged over the odds.

“They used to say 'a rising tide lifts all boats'. Now the rising tide just seems to lift yachts.”

But business minister Matthew Hancock said: “Ed Miliband is calling for a tax rise on business that would cost jobs. Tax rises on businesses and the same old Labour policy of more borrowing and more debt would undermine the recovery. And it's hardworking people who would pay the price with their jobs, higher taxes and higher mortgage rates.”

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

Image c. plashing vole

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Collaborative working is the key to the future at home and abroad

Collaborative working is the key to the future at home and abroad

David Hawkins, operations director at the Institute for Collaborative Working (ICW), on why ISO 44001 is a new evolution in collaborative working. The past 12 months have seen seismic changes b more > more last word articles >

public sector focus

View all News

comment

An integrated approach to greening public transport

28/04/2017An integrated approach to greening public transport

Dave Pearson, director of transport services at West Yorkshire Combined Aut... more >
Unlocking the combination to criminal justice reform

28/04/2017Unlocking the combination to criminal justice reform

If new mayors want to improve the life chances of their communities, help t... more >

interviews

Maintaining the momentum for further devolution

25/04/2017Maintaining the momentum for further devolution

Ahead of this year’s mayoral elections, Lord Kerslake, the former hea... more >

most read

Shared Services and Outsourcing Week

the raven's daily blog

A watershed moment in British democracy

02/05/2017A watershed moment in British democracy

The upcoming mayoral elections represent a watershed moment in the history of British democracy, reports PSE’s Luana Salles.  On 4 May, voters across six regio... more >
read more blog posts from 'the raven' >

editor's comment

11/04/2017A watershed moment in British politics

The government has now officially triggered Article 50, formally starting the process of Britain’s exit from the EU. How this will affect local government, the wider public sector and the Civil Service remains to be seen, but the likelihood of it being plain sailing with the enormity of the task ahead seems rather unlikely.  It is, therefore, quite appropriate that in this edition of PSE Professor Chris Painter reflects on the profound changes that have taken place in the... read more >