else from a cabinet composed, in its majority, of millionaires.
My party intends to to drive it out at the earlest possible opporWhat will we do on arriving in olice. Let me first explain our priorities opposite of the chancellor's.
Work Our first aim will be to restore full say this because it is in our belief a basic right of the British people, but because it is obviously the most effiCICI way use our resources. Indeed we shall Taise cruciency a lew rurther meagre percentage points by Cachee Lass The Lords one Free, the Lords, DEESCTH boards of the nationalised industries and over 50,000 idle shareholders.
There is plenty of work to do. we wu immeciately double the level of house building to 1,200,000 year; we will spend £60m on health, £65m on education and a further £300m on urban renewal. To ensure the necessary material forthcoming we shall mobilise the public sector industries and gear them for full output, injecting a further t2.i billion in new capital.
posals, which the and our Party have outlinThe introduction of an immcclare programme or positive action for women and black people and the introduction of equal pay will further extend right of employment many now unfairly denied The costs of these amount to around £12 billion, will of course employers, as I shall shortly explain.
Our opponents argue that the level of government spending we propose is utopian, and will provoke a crisis. A crisis will be provoked, but not for the reasons suggested. . The money we spend will, of COUTSC. saved by the enormous drop in the COSE benefits, and by increased income tax, which will put the government E3 billion in the black. We shall supplement this by a 100 per cent tax accompanied by suspension of tax rebates incomes purchasers shares public companies sold by the Tories.
Further immediate savings will be made by scrapping nuclear and overseas military comNo. the problem is a different one.
The cost of absorbing with their unemployment should be met the employers, shareholders and financiers of this country. This STICED E perfectly possible: a study of their accoun reveal that industrial and commercial distributed no less than E8 billion to Mr Howe's friends last year, and that the financial institutions post-tax profits of £4 billion. cidence these sums will ex- By a remarkable actly pay for the right to work, even leaving out of account the enormous benefits to the country of full production.
The problem we anticipate this will the chancellor's friends with no profit at all.
To be blunt, we do not with their money pare
conference
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all capital gains will be on purchasers entishares ill