Labour’s 2015 Manifesto Consultation Process: 1.‘Conversations’ ( ) 2.‘Policy Commissions’ produce consultation papers 3.Papers to the National Policy Forum in July Adopted by conference in September 2014

Labour’s 2015 Manifesto Consultation Economy Stability and Prosperity Policy Work and Business Policy Living Standards and Sustainability Policy Society Stronger, Safer Communities Policy Education and Children Policy Health and Care Policy Politics Better Politics Policy International Britain's Global Role Policy

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policy Commission This Policy Consultation covers: A cost of living crisis Long-termism Growth Banking and financial services Taxation Fair deficit reduction

Labour’s 2015 Manifesto Consultation Rhetoric Tackling the ‘cost of living crisis’ Growth without national prosperity is not economic success Challenging outdated assumptions, we will reform markets and tackle vested interests Making the economy work for everyone not just a few at the top Sustainable growth built by the hard-working people of Britain Supporting ‘productive firms’ Raising productivity, creating more well paid jobs, and broadening our economic base across more regions and sectors Working with business to support those sectors and technologies that will be able to generate well paid and secure jobs in the future Supporting small and medium sized businesses Reforming our banking system and the energy market

Labour’s 2015 Manifesto Consultation Rhetoric continued “We need a responsible capitalism, a system that works for the common good, regulated to promote and prioritise investment in the production of real goods and services and to provide a safe haven for savings.”

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policies - 1: Promote fair pay by: increasing and enforcing the National Minimum Wage encouraging more employers to pay a Living Wage opposing regional and local bargaining in the public sector Tackle rising bills by: forcing energy companies to separate their generation and supply businesses freezing energy prices through to 2017

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policies - 2: Support long-termism by: abolishing quarterly reporting rules restricting shareholder votes on takeovers to those already holding shares when a bid is made Encourage Growth by: establishing a British Investment Bank to help small and medium sized businesses get access to funding strengthening low-carbon/clean energy industries by giving them policy certainty setting up a new independent National Infrastructure Commission which will produce a year national infrastructure policy building new 200,000 new homes a year by 2020

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policies - 3: Reform Banking by: establishing a legal threshold for the market share of personal accounts and small business lending that any one bank can have supporting a regional banking system which reaches out to businesses up and down the country a tough ringfence between investment and high street banking a repeat of the bank bonus tax to tackle excessive pay (using the money to provide a Compulsory Jobs Guarantee for young people out of work) requiring banks to publish the number of employees earning more than £1 million a legally enforced Code of Conduct for bankers so that those who act recklessly can be struck off

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policies - 4: Tackle tax avoidance by: greater transparency – delivered domestically if international agreement takes time to be reached examining the international lessons on how we can improve transfer pricing rules ensuring that action to tackle tax havens and tax avoidance is top of the international agenda requiring UK tax havens to reveal British tax evaders giving HM Revenue and Customs the right resources & specialists Business and personal taxation not going ahead with the Government’s Corporation Tax cut for multinationals and large businesses in instead cutting and then freezing Business Rates for SMEs

Labour’s 2015 Manifesto Consultation Stability and Prosperity Policies - 5: Fair deficit reduction by: planning on the basis of falling departmental spending. spending totals for will have to remain our starting point tough fiscal rules a zero-based spending review making fairer choices on who bears the weight of deficit reduction, including those on the highest incomes restoring the 50p top rate of tax for those earning over £150,000 stopping the winter fuel allowance to the richest five per cent of pensioners