How will the LibDems tax and spend?
The LibDems are committed to a 1p rise in base-rate income tax and to invest the funds this raises in the NHS and social care. But they also commit to a “responsible and realistic £100 billion package of additional infrastructure investment,” including capital investment in schools and hospitals to support capacity increases and modernisation.
The LibDems support a fund of £5 billion of initial capital for a new British Housing and Infrastructure Development Bank, using public money to attract private investment for major new settlements and helping attract finance for major housebuilding projects.
What do the LibDems say Brexit will mean for business?
The LibDems will seek to maintain membership of the single market and customs union.
Liberal Democrats will fight to ensure that entitlements backed by EU law are not undermined eg. rights to annual leave.
Workforce – skills and training
The LibDems aim to:
- Double the number of businesses that hire apprentices
- Develop national colleges as centres of vocational expertise for key sectors
- Identify and seek to solve skills gaps by expanding higher vocational training such as foundation degrees, Higher National Diplomas, Higher National Certificates and Higher Apprenticeships
- Ensure all the receipts from the Apprenticeship Levy in England are spent on training, aiming to fund a wider range of types of training
- Create individual accounts for funding mature adult and part-time learning and training, and provide for all adults individual access to all necessary career information, advice and guidance
Workforce – foreign workers
The LibDems will press for the UK to unilaterally guarantee the rights of EU nationals in the UK.
How will the LibDems meet national housing needs?
The LibDems commit to new direct spending on housebuilding to help build 300,000 homes a year by 2022, including half a million affordable and energy-efficient homes, with direct government commissioning where the market fails to deliver.
They undertake to create at least 10 new garden cities in England, “providing tens of thousands of high-quality, zero-carbon homes, with gardens and shared green space, jobs, schools and public transport.”
They will enable local authorities to:
- Enforce housebuilding on unwanted public sector land
- Penalise excessive land-banking when builders with planning permission have failed to build after three years
- End the Right to Buy if they choose
What do the LibDems say about social housing?
The LibDems will end the Voluntary Right to Buy pilots that sell off housing association homes and the associated high value asset levy.
They will lift the borrowing cap on local authorities and increase the borrowing capacity of housing associations so they can build council and social housing.
By LABC Warranty
Please Note: Every care was taken to ensure the information in this article was correct at the time of publication. Any written guidance provided does not replace the reader’s professional judgement and any construction project should comply with the relevant Building Regulations or applicable technical standards. However, for the most up to date LABC Warranty technical guidance please refer to your Risk Management Surveyor and the latest version of the LABC Warranty technical manual.