Stephen Twigg, Labour MP for Liverpool West Derby, is today launching Labour’s five-point plan for jobs and growth in the North West.
Labour is calling for the emergency measures to help boost the North West economy. The five point plan includes:
1. Bringing forward long-term investment projects – like the 26 schools projects scrapped by the Government here in Liverpool, roads and transport – to get people back to work and strengthen our economy for the future.
2. A £2 billion tax on bank bonuses to fund up to 18,000 jobs for young people and build 1,600 new homes in the North West.
3. Temporarily reverse the Tory-led Government’s VAT rise and put £450 back in the pockets of families in Liverpool.
4. Cut VAT on home improvements, repairs and maintenance to five per cent for a year – to help homeowners and small businesses here in Liverpool.
5. Give the 204,000 small firms in the North West a one year national insurance tax break if they take on extra workers.
Stephen Twigg, Labour MP for Liverpool West Derby, said: "This is a really worrying time for families; struggling with higher food prices and gas bills and worried about their jobs and their children’s futures. I am today launching Labour’s North West plan for jobs and growth."
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"We are calling for an emergency Budget now. A clear five-point plan to create jobs, help struggling families and support small businesses."
Joe Anderson, Leader of Liverpool City Council, said: "Families across the country are struggling, and Labour is the only party with a plan that will help."
"Here in Liverpool, every day people tell me how difficult things are. Families tell me how they struggle to make ends meet, businesses tell me how they want to provide new jobs but can’t afford too."
"Doing nothing is not an option for these people. But, doing nothing is exactly what the Tory-led Government plan."
Ed Miliband MP, Leader of the Labour Party, said: "These are dangerous times for Britain's economy and worrying times for millions of families."
"Week-by-week, day-by-day, with every downgrade in growth with every new set of unemployment figures, we can see the government’s plan is failing. That is an economic emergency."
"Only a government which is badly out of touch with what is happening in Britain’s factories, its high streets and its homes, would fail to realize that. Today it is clear - it is hurting but it has not worked.
Ed Balls MP, Labour’s Shadow Chancellor, added: "The government can call their new plan whatever they like: Plan A plus , Plan B. It doesn’t matter what it’s called. Britain just needs a plan that works."