The choice between the Conservatives and Labour on the economy couldn’t be clearer.
Today Parliament voted on Conservative plans to reduce the deficit and cap welfare, in order to build a stronger economy and stand up for people who work hard and play by the rules.
But Labour are all over the place. On the one hand, they voted in favour of our plans; on the other, they say they want to restore the spare room subsidy and increase other welfare spending. They made a promise they know they can’t and won’t keep.
It’s the same old Labour. They have no plan and would wreck the economy with more spending and more borrowing.
Only the Conservatives are committed to reducing the deficit and capping welfare – only the Conservatives have a long-term economic plan to secure Britain’s future.
The 2014 Budget continues our long-term economic plan to give financial security to Britain’s hardworking families.
The Budget helps people who work hard and do the right thing by:
- Cutting income tax for over 25 million people – so low- and middle-earners have more money in their pocket and more security
- Giving pensioners more freedom and flexibility over their pensions – so they can enjoy peace of mind and security in retirement
- Cutting taxes on savings to support people who do the right thing - and help them provide for their family’s future
- Supporting manufacturing and backing business by cutting energy bills and increasing investment
- Cutting the bingo tax and taking a penny off the price of a pint – to protect communities and local jobs
- Building more homes and extending the Help to Buy scheme – to help hardworking people achieve their dream of buying their own home
The 2014 budget has hardworking people at its heart – and continues our long-term economic plan to build a stronger, more competitive economy.
The biggest risk to the economy is Labour’s demands for more borrowing, more spending and more taxes – for which hardworking people would pay.
Only the Conservatives have a long-term economic plan for a stronger economy and a better future.
The Conservatives are helping mums and dads with the cost of childcare – so families feel more financially secure.
We’re increasing our tax-free childcare scheme from £1,200 to up to £2,000 a year per child.
We’re also extending the scheme from under-7s to all children under 12.
So from next September, almost two million working parents will qualify for tax-free childcare.
The difficult decisions we’ve taken as part of our long-term economic plan mean we can help families where both parents, or a single parent, work – so they enjoy a more financially secure future and the peace of mind that their children are being cared for.
Ed Miliband has made his position crystal clear – there will be no referendum on Europe under Labour.
Our relationship with Europe isn’t working and needs to change.
Unlike Labour, the Conservatives have a plan to negotiate a better deal for Britain in Europe then let the British people decide in an in-out referendum by the end of 2017.
Only the Conservatives will guarantee and deliver that referendum. Labour and the Lib Dems won’t and UKIP can’t.
Today Labour announced a new policy that’s paid for by a tax on bankers. But this is the TENTH time they’ve pledged to use a tax on banks and bankers to pay for an election promise.
That means Labour are either spending the same pot of money ten times over or admitting to breaking nine previous promises to spend the money elsewhere.
Either way, it’s more proof that Labour have no credibility on the economy.
Before today’s announcement, Labour had already spent a banks tax on:
1) Reversing the VAT increase – £13.5 billion
2) Increasing capital spending – £5.8 billion
3) Reversing Child Benefit savings – £3.1 billion
4) Reversing Tax Credit savings – £5.8 billion
5) Increasing the Regional Growth Fund – £200 million
6) Cutting the deficit – billions
7) Turning empty shops into community centres – £5 million
8) Spending on public services – billions
9) Building more housing – £1.2 billion
Labour’s sums don’t add up.
The only way they could pay for all these promises would be to borrow more and tax more – which would wreck the recovery and make hardworking families less financially secure.
Only the Conservatives have a long-term plan to secure a stronger economy and a better future.
Labour would ruin the progress we’ve made as a country together. They wrecked the economy once – don’t let them do it again.
Nobody is more important to Britain’s future than our young people.
This week is National Apprenticeships Week and we’re continuing to create apprenticeships so young people can get on in life.
Our long-term economic plan is helping the next generation by:
- Delivering 1.5m apprenticeships since 2010 – so young people can learn a trade and kick-start their careers
- Delivering over half-a-million apprenticeships in 2012-13 alone – under Labour, new apprenticeships were never higher than 280,000 a year
- Raising standards in vocational education – so young people enter the world of work with the right skills
- Abolishing the jobs tax for under-21s from next year – so it’s easier for businesses to give young people a start in life
By delivering skills and creating record numbers of apprenticeships, our long-term economic plan is helping the next generation succeed in the global race – and securing Britain’s future.
Welfare should be about rewarding work – not unlimited benefits.
Since 2010, we’ve capped benefits for more than 38,000 households – so no out-of-work household can claim more in benefits than the average family earns in work.
Labour created a welfare system that didn’t make work pay and trapped people on benefits.
But by capping welfare, we’re ending Labour’s something-for-nothing culture.
It’s part of our long-term economic plan to build an economy that delivers for people who want to work hard and play by the rules.
Nothing is more important than the safety of your loved ones.
The Conservatives’ long-term plan to cut crime and keep people safe is working. Since the last election, crime is down by over 10 per cent – and we now want to go even further to protect you and your family.
Today we’re launching our latest measures to punish criminals and protect hardworking people.
They will keep you and your family safe by:
- Locking up terrorists and child rapists for longer – ending Labour’s legacy of automatic early release
- Forcing criminals to contribute to the cost of our courts – so hardworking taxpayers pay less
- Ending the practice of police cautions for serious crimes – so criminals face the consequences of their actions
- Introducing life sentences for terror offences, including terrorist training
- Punishing those who try to escape justice – increasing sentences for criminals who go on the run
These changes are part of our long-term plan to deliver justice and security for people who do the right thing and play by the rules.
We’re committed to building a criminal justice system that’s on your side.
With today’s announcements, that’s exactly what we’re doing. #ShareTheFacts with everyone you know.
Our long-term economic plan is creating more jobs, giving hardworking people the security of a regular pay packet, and helping them get on in life.
Today’s employment figures show that our plan is working – and undermine everything Labour ever told you about jobs:
1) Labour said our plan would ‘lead to the disappearance of a million jobs’ (Ed Miliband, 25 Oct 2010) – but there are now 1.3 million more people in work than when Labour were in office. That means more hardworking people taking home a pay packet and having money to spend on the things that matter.
2) Labour said Britain is ‘in for a long lost decade… of high unemployment’ (Ed Balls, 28 April 2012) – but unemployment is now down 6.1 per cent since 2010.
3) Labour said our plan ‘chokes off jobs’ (Ed Balls, 17 May 2013) – but employment is up 4.5 per cent since the last election, so more people can better provide for their families.
4) Labour said our plan is only creating part-time jobs (Rachel Reeves, 18 Dec 2013) – but there are now over one million more full-time jobs than there were in 2010.
5) Labour said it was a ‘fantasy’ that the private sector would create enough jobs to lead the recovery (Ed Balls, 12 Oct 2011) – but there are now 1.6 million more private sector jobs than there were before the last election. That’s helping more hardworking families feel financially secure.
Labour don’t understand that the way to create more jobs is by backing small business and enterprise with lower jobs taxes and better infrastructure.
Labour can’t be trusted on the economy and would wreck the recovery.
Today’s figures prove our long-term economic plan is working – but there’s still much to be done.
The Conservatives are investing where it matters most: in our children’s future.
We are raising standards in education so our children can compete with the world’s best and get on in life.
Under Labour, standards slipped. Grade inflation was ignored, employers lost confidence in our exams, and Britain fell down the international league tables.
But by raising standards and restoring discipline, we’re helping ensure our state schools become the best the in the world – so our children succeed in the global race.
That’s why we’re committing £150 million a year for sport in our primary schools.
Sport encourages children to be active, lead healthy lives, make friends and have fun. But the importance of sport goes even further – it also develops confidence and nurtures the character and skills to help our children succeed in life.
It’s the latest part of our long-term plan to deliver the best schools and skills for our young people.
There are already signs of improvement – more great schools, more great teachers and more pupils achieving great results. But we must go further.
Our long-term economic plan will keep delivering the best schools and skills – because nothing is more important than our children’s future.