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

Parliament cannot solve homelessness through legislation alone

Parliament cannot solve homelessness through legislation alone

Cllr Michelle Lowe, deputy leader and cabinet member for housing and health at Sevenoaks District Council, argues that if the government is really serious about combating homelessness they will work more > more last word articles >

public sector focus

View all News

comment

Time to embrace change

01/03/2017Time to embrace change

The way we work is changing. As a profession, we must be ready to embrace i... more >
Digital Marketplace: reaching far and wide in the public sector

01/03/2017Digital Marketplace: reaching far and wide in the public sector

Over the next few months, the Government Digital Service (GDS) wants to get... more >

interviews

Leading transformational change through procurement

01/03/2017Leading transformational change through procurement

Liz Welton, chair of the Society of Procurement Officers in Local Governmen... more >

the raven's daily blog

Why opening up procurement matters to the UK public sector

22/03/2017Why opening up procurement matters to the UK public sector

Rob Levene, managing director of Bloom, explains why opening up procurement is important to the UK public sector.  Procuring products and services by the UK public s... more >
read more blog posts from 'the raven' >

editor's comment

21/02/2017Untapped potential

As PSE went to press, the government had just released its Industrial Strategy green paper, which has an ambitious aim to “improve living standards and economic growth by increasing productivity and driving growth across the whole country”.  Overall, the strategy was welcomed across the public sector. However, as you’ll read throughout this edition of the magazine, in order to make the aspirations a reality, there needs to be a greater level of freedom for all... read more >