Shadow Chancellor Ed Balls says he’d tax London millionaires and improve the cost of living in Birmingham if he was delivering Wednesday’s Budget.
George Osborne announces his fifth Budget this week, with prospects of growth for the first time.
Mr Balls said if Labour were in government the focus would be on improving living standards, with more income from wealthy Londoners.
He told the Post: “Just like in every other part of Britain, in Birmingham there is a cost of living crisis. It is hitting people’s living standards really hard – bills are going up but wages and living standards are still going down relative to prices so people’s money is going less far.
“We have got to do something to make this recovery work for everybody.
“If we had a Budget, next week we would be announcing a freeze in energy bills for the next 20 months, increasing free child care from 15 to 25 hours for working parents and we would be looking to have c ut in taxes for all people on middle and low incomes.
“We have said we said we should introduce a 10p starting rate of tax to cut taxes for people in work and we said we would pay for that by a tax on properties over £2 million, which is really a London tax on foreign investors.
“We are also saying the government has the married tax cut which doesn’t really work at all – only a third of married couples get it and most families with children don’t. We would get rid of that married tax allowance and use it to help all families.”
Mr Balls, who was talking to the Post on a visit to Birmingham, said it was vital to deliver “a recovery that works for all”.
He added: “Other things which would be a priority for us, we would be looking to build more affordable homes.
“We want to get small businesses get the bank lending they need, which is still not happening.
“We want a business investment bank with a location here in the West Midlands to work with businesses.
“We need to make sure this is a recovery that works for all.”