nGORDON Brown's debt, waste and taxes are holding us back and threatening the recovery with higher interest rates. A Conservative government will act now on debt to get the economy moving. We will deal with the deficit more quickly than Labour, so that mortgage rates stay lower for longer.
We will ensure stability, build a more balanced economy, reform public services to deliver better value for money, create new jobs and make Britain open for business again.
We have to help business. We will cut corporation tax and simplify the tax system. We will support new business. Any new business started in the first two years of a Conservative Government will pay no Employer National Insurance on the first ten employees it hires during its first year. We will cut back on red tape that all too often strangles these new companies and we will end restrictions on people starting a business in social housing.
Labour are planning to raise employer and employee National Insurance by 1% in 2011. Our first priority will be to try and avoid this tax on jobs. For instance it will add £3m at least to Vauxhall’s local costs and £4million to the local Council. Every company will have to pay.