Miliband sets out key business plans

Written By Unknown on Senin, 16 Februari 2015 | 15.36

16 February 2015 Last updated at 07:42

Ed Miliband is to set out his party's key plans for businesses ahead of the general election at a speech in the West Midlands.

The Labour leader is expected to tell an audience at Jaguar Land Rover in Wolverhampton he wants to create what he calls "more inclusive prosperity".

And he is is expected to say paying the living wage and banning zero-hours contracts will raise productivity.

But the Conservatives said Mr Miliband had "no economic plan".

Mr Miliband will also say the "vital link" that used to connect family finances to the wealth of the country as a whole is "broken."

He is expected to focus on sectors such as retail and social care, outlining plans to tackle the undercutting of wages.

Mr Miliband will say his promised cuts to business rates and devolved funding will help small businesses and entrepreneurs.

He will also tackle the issue of tax too, claiming tens of billions of pounds are lost in tax avoidance that could be used to fund apprenticeships.

Shadow business secretary Chuka Umunna said Labour's plan was focused on "investing in people", with support for apprenticeships and people wanting to start their own business.

"We're going to set up a British investment bank, with a network of regional banks all over the country, so that people with good ideas, who've got a good business plan, can get access to the finance they need," he told BBC Breakfast.

Economic credentials

The BBC's political correspondent Ellie Price said the speech was an attempt to draw battle lines with the Tories - whom Mr Miliband claimed had presided over an economy where wealth came from the "top down".

And, our correspondent adds, it is also a calculation that the message will be enough to convince voters of Labour's economic credentials - despite very public criticism from some business leaders recently.

Business minister Matthew Hancock said: "The last few weeks have revealed Labour's true colours and their anti-business, anti-jobs attitude.

"In the past, Labour smothered small businesses in higher taxes and red tape, and Ed Miliband's damaging tax rises on business would mean fewer jobs, fewer firms and economic chaos.

"As part of our long-term economic plan, we are backing small firms with lower jobs taxes and better infrastructure.

"But Ed Miliband has no economic plan and is simply not up to the job - that's why he's the biggest risk to Britain's future economic security."


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