This week Labour published our ‘Better Plan for Britain’s Prosperity’, setting out Labour’s approach to building prosperity in 21st Century Britain. Labour’s plan takes different approach to creating prosperity, not relying on a few but boosting productivity across Britain's firms and workforce, including in Wigan.
At the heart of Labour’s plan is an understanding that Britain only succeeds when working people succeed. This contrasts with the failed approach taken by the Tories who wrongly believe that the best way to pursue growth is to cut taxes at the top and hope that wealth trickles down.
Specifically, Labour’s better plan recognises that Britain’s world class firms, in sectors which enjoy established comparative advantage, need to be able to take long-term decisions and access key markets.
It also commits Labour to prioritise doing everything we can to ensure more smaller businesses reach their potential to power future growth. That’s why the next Labour Government is committed to cutting and then freezing business rates for small business properties and putting small businesses first in line for tax cuts.
Labour will also improve training and apprenticeships, including guaranteeing every school leaver that gets the right grades a high quality apprenticeship.
Our plan also sets out our plans to develop a new industrial strategy that focuses not just on high-tech firms, but also on supporting our big employing sectors such as retail and social care to win a race to the top and not get dragged into a race to the bottom.
And finally, it will ensure the public sector plays an active part in driving up productivity across the whole economy, supporting firms through cutting-edge innovation and research, strategic investment and procurement.
Taken together, this approach will deliver the sustainable growth and rising living standards that our country needs and ensure our economy works for working people in Wigan.
It is becoming increasingly clear that there is a choice of two plans at this election: a failing plan under which we would carrying on as we are with a government claiming the economy is a success when it only works for a handful of people at the top; or a new plan, a better plan, that says this economy must succeed for working families if Britain as a whole is going to succeed.