Thursday, November 20, 2014

Labour's Electoral Programme (Part 15)


1. Protect the value of the state pension with the triple lock, rising annually by inflation, earnings or 2.5% whichever is highest (page 37)

2. Place a legal requirement on all pension scheme providers to prioritise the interest of savers over those of shareholders (37)

3. Explore how to reduce the minimum earnings threshold or auto-enrolment from the current level of personal tax allowance (currently £10,000) to the Lower Earnings Limit currently £5,772 (38)

4. Defined Contribution Schemes to have meaningful employee representatives on governance boards (38)

5.  Review the Local Government Pension Scheme, exploring the merits of merging funds to improve performance (38)

6.  Consider the case for a specific cost of living index relevant on the spending of pensioners (38)

Private Sector

7. Manufacturing is of strategic importance to a sustainable and balanced economic recovery. We will reduce energy costs for businesses via a price freeze, support science, research, development and technology and promote advanced apprenticeships; with access to funding coming through our British Investment Bank (23)

8. We will work actively with business, trade unions, communities and regions to build the economy of the future (23)

9. We will support social enterprise, mutuals, co-operatives and the not-for-profit economy (24)

10. On the Royal Mail we will keep its remaining 30% in public ownership and secure its public service obligation beyond 2015, whilst investigating the process by which it was privatised and ensure that Royal Mail services continue to be provided through Post Offices (24)

11. Tackle the monopoly market for rail rolling stock and bring Network Rail together with a new representative passenger rail body to contract routes, co-ordinate services and skills in the industry, oversee stations, fares, ticketing, and ensure customer satisfaction (45) 
12. Require water companies to publish full annual information which a revitalised Ofwat will then use to evaluate whether they should cut bills (49)

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