Labour’s Shadow Chancellor Ed Balls today launched Labour’s better plan for the region’s economy on a visit to a manufacturer in Thornaby-on-Tees.
Mr Balls joined Louise Baldock, Labour’s candidate for Stockton South at Cotswold Engineering, a local firm who specialise in the manufacture of doorsets, doorkits and screens.
Mr Balls toured the plant meeting staff and apprentices.
Labour’s better plan for the North East’s prosperity includes:
- Guaranteed apprenticeships for school leavers with the necessary grades, following a year which saw a fall in young people in apprenticeships in the region.
- Cut in business rates for small businesses benefitted 71,000 business properties in the North East
- A raise in the minimum wage boosting the incomes of nearly a million workers in the North East
- And certainty for our big exporters such as Nissan and in the future Hitatchi, with a pledge to say in a reformed EU.
Launching the plan, Ed Balls said:
“I was delighted to visit Cotswold Engineering with Louise. Teesside has a proud engineering past, present and future and it was good to see the dedication and pride this company has in providing high quality products, made right here in Thornaby.”
“I want to see more growth in the North East and that’s why we need a better plan for our economic future. We will combine a modern industrial strategy with action so that businesses and working families succeed together. We will not leave families to sink or swim. When it works for people, it works for the North East and for the whole Britain.
“We make work pay, with a higher minimum wage, benefitting over 75 thousand people from Berwick to Middlesbrough. We’ll reintroduce the 10p tax rate, meaning nearly £1million people across the North East keep more of the money they earn. We’ll give tax rebates businesses who choose to pay the living wage in the first year of the parliament.
“And we’ll enable eight thousand parents across the region to take on more hours at work by expanding free childcare.
“Our plan for growth and higher productivity is about delivering more profits, long-term investment, good jobs and living standards for people in the North East.”