Labour’s only idea is picking pockets

LABOUR’S leadership rivals have had a busy week planning raids on the pockets of hard-working Brits.

On Thursday Wes Streeting set out his plan for a wealth tax that would clobber workers by jacking up the capital gains levy to rake in an extra £12billion.

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Nigel Farage’s plan to abolish tax on overtime is like a breath of fresh air Credit: Getty

Labour’s leadership rivals have had a busy week planning raids on the pockets of hard-working Brits Credit: AFP

On Friday Andy Burnham countered with his own land tax plans, which would fleece homeowners just because the value of their property has risen.

The “King of the North” says he believes land in the UK is undertaxed. If so, it must be the only thing in this country which is.

These pretenders to the Number Ten crown can’t imagine wealth creation because they are hooked on taxation.

In this climate a policy which actually lifts the burden on workers is as rare as hen’s teeth.

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So Nigel Farage’s plan to abolish tax on overtime is like a breath of fresh air.

Just think of it, a move that incentivises people to actually work longer and take home more of their hard-earned cash.

Reform claims it would make a newly qualified nurse £1,300 a year better off and put £700 more in the pocket of a warehouse worker.

Of course these plans need to be fully costed and scrutinised.

But what a difference to the rhetoric of Streeting and Burnham.

Getting the taxman off the back of workers and allowing them to spend more of their own money would actually help voters and the economy.

Yet a tax-cutting policy from anyone aiming to lead Labour is as about as likely as Jeremy Corbyn joining the Tories.

Few bob for builders

ALAN Milburn says a £718billion UK building bonanza is the perfect opportunity for construction firms to invest in young Brits.

The jobs czar is right that many firms have relied too much on a now vanishing pool of cheap foreign workers.

But Labour’s leaders must also face the fact that their own policies have led to a million young people being thrown on the scrapheap.

They fail to understand that if you make it more expensive to employ people, firms will simply sit tight and freeze recruitment.

Or even worse, they will rapidly go bust.

The Government has overseen a series of cock-ups which will only make the recruitment for construction work even harder.

The apprentice scheme has been abused, employers have been clobbered and the minimum wage pitched too high.

Can they fix that? Yes they can!