Friday, 2 May 2014

Labour has today launched the Cost of Living Contract

Labour has today launched the Cost of Living Contract – a set of concrete measures that Labour would take in office to get a grip of spiralling prices, household insecurity and some of the worst rip offs that we face as consumers.

To help hardworking people, Labour would immediately:
1. Freeze gas and electricity bills until 2017 and reform the energy market

2. Get 200,000 homes built a year by 2020

3. Stop families that rent being ripped off and help them plan for the future with new long term predictable tenancies

4. Cut income tax for hardworking people through a lower 10p starting tax rate, and introduce a 50p top rate of tax as we pay off the deficit in a fair way

5. Ban exploitative zero-hours contracts

6. Make work pay by strengthening the Minimum Wage and providing tax breaks to firms that boost pay through the Living Wage

7. Back small businesses by cutting business rates and reforming the banks

8. Help working parents with 25 hours free childcare for three and four year-olds

9. Tackle the abuse of migrant labour to undercut wages by banning recruitment agencies that only hire foreign workers and pressing for stronger controls in Europe

10. Back the next generation with a job guarantee for the young unemployed and more apprenticeships
I am proud that as part of the Cost of Living Contract, Ed Miliband has announced Labour’s plans to get to grips with the insecurity and naked profiteering which is all too common in the private rented housing sector. I have for a long time campaigned on this issue, and it is something which will only grow in importance in the future as more and more of the UK’s housing stock ends up in the rented sector.

Longer-term rental contracts, with predictable indexed rent increases will mean greater security for renters, more power in the hands of the tenants and an end to yearly rip-off rent increases. This is real action that would help my constituents directly and I am proud that Labour sees the real problems that this country is facing.