Labour finally have a policy.
A Labour government would reduce tax relief on pension contributions for those earning over £150,000 and use the savings (£1 billion) to offer jobs to the long term unemployed. Under the program, those out of work for two years risk having benefits halted – if they refuse to take up a minimum wage job. Simple enough.
No different from the Coalitions workfare program. Just a little more stricter.
The major difference between the Opposition and the Coalition is simple: Labour’s “job guarantee” is compulsory; you can reject a job, but not a voluntary position under the current workfare program. Ed Miliband, on the other hand, would rather have you working and earning the minimum wage. Individuals still receive benefit payments under the Coalitions plan, by the way.
But, fair play to Labour. This proposal will actually help to bring down the costs of the welfare budget; one of the most increasing areas of expenditure.