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Andrew Grice
Sep 22, 2014
Child benefit would be reduced in real terms by an incoming Labour Government, Ed Balls will announce today as the party tries to convince voters it is ready to make painful cuts in order to balance the nation’s books.
It comes after Ed Miliband said an incoming Labour government would raise the minimum wage from ÂŁ8 per hour. Here are four other Labour pledges and their hazards:
Pledge: Bring back the 10p starting rate of income tax, worth about ÂŁ2 a week for workers.
How will it be funded? From a “mansion tax” on properties worth over £2m, raising some £2bn a year.
What's the danger? In areas where house prices have over-heated, it could be seen as unfair.
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