Not just families but all who work will be guaranteed a minimum income, and this minimum income will be paid through targeted tax cuts and credits. No one who is in work should, in future, have to go to the benefits office to receive a living income.
We start in this Budget with a minimum income guarantee. A new deal, for over 50s returning to work.
Nearly 30 per cent of men over 50 are outside the Labour force, twice as many as 20 years ago.
We need their talents. For those unemployed for six months or more, we will create a new employment credit which will guarantee a minimum income of 9,000 pounds a year, for their first year back in full-time work, at least 170 pounds a week.
And over time I want this better deal for work to include help with housing costs, not just help with rent but also help for homeowners going back to work. Taking a job
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