Mr Deputy Speaker is looking at me and I want to draw to a conclusion.
I want to mention “make work pay” contracts. In November last year, the Leader of the Opposition announced
“that a future Labour government would encourage employers to pay the living wage through new ‘Make Work Pay’ contracts.
Firms which sign up to become Living Wage employers in the first year of the next Parliament will benefit from a 12-month tax rebate of up to £1,000—and an average of £445—for every low paid worker who gets a pay rise.
This measure will be entirely funded from the increased tax and National Insurance revenue received by the Treasury when employees receive higher wages. Additional savings in lower tax credits and benefit payments, as well as increased tax revenues in future years, will cut social security bills and help pay down the deficit”— as we all want to do. That, without a shadow of a doubt, is a commitment that an incoming Government would make the desperate moves that have to be made to reduce the deficit.