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Cutting business rates and energy bills, and eliminating late payments are among the measures outlined in a new plan from the Labor Party whose party has pledged to "make our streets prosperous again." Labor leader Sir Keir Starmer and Shadow Chancellor Rachel Reeves will visit Great Yarmouth on Wednesday as the party launches its five-point plan to "reinvigorate local high streets", warning that "thousands of pubs, shops and bank branches" have closed. A police efficiency and collaboration programme, the party says, would tackle anti-social behavior and "provide more than £350m in savings across procurement and shared services" which will be used to pay an additional 13,000 neighborhood police officers and PCSOs.
With our five point plan, Labor will work in partnership with local businesses and communities to bring our main streets back to life.
The party said it would cut small business fees "paid by correctly taxing the online giants", adding that it would be "worth over £2.6,000" in an average pub, cafe or restaurant.
Labour, it added, would also introduce "tough new laws to crack down on late payments and ensure more money reaches high street businesses" and give councils "strong new powers to get shops back on empty in its main streets".
To help reduce energy bills, Labor said it would introduce vouchers for energy efficiency measures including "double glazing at a local cinema, a new heat pump at a coffee shop or an electric takeaway vehicle."
Sir Keir said: “British businesses already give so much to our economy and have enormous potential and promise just waiting to be unlocked.
“But they are held back by 13 years of conservative economic failure. The Tories have tanked the economy and businesses and workers continue to pay the price for rising interest rates.
“With our five-point plan, Labor will work in partnership with local businesses and communities to bring our main streets back to life.”
Conservative Party Chairman Greg Hands said: 'Labor have abandoned their promise to abolish corporate taxes. The only position they remain committed to is more spending promises without funds or costs.
"We currently have a £13 billion package to support businesses with the cost of trade fees as we continue our mission to cut inflation in half, grow the economy and reduce debt to help businesses across the board. the United Kingdom".
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