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Shadow chancellor Ed Balls has said that Labour was setting out an approach to welfare reform "which is tough, which is fair and which can work".
Plans unveiled by Labour would see pension tax relief for top earners slashed to provide guaranteed jobs for the long-term unemployed.
Those earning more than £150,000 would only get 20% relief on savings for their retirement, rather than the 50% maximum available now, and 45% per cent from April, Shadow Chancellor Ed Balls wrote on PoliticsHome.
The proposal is similar to one announced by the Labour government in 2009, which was later scrapped by the coalition. A Treasury source said:
Shadow Chancellor Ed Balls unveiled plans to provide guaranteed jobs for the long-term unemployed if Labour were re-elected.
Writing for PoliticsHome, Mr Balls said the £1 billion scheme would see 130,000 people out of work for more than two years offered posts on at least the minimum wage.
But they face losing benefits if they refuse to take the jobs.
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Labour have unveiled plans for getting the long-term unemployed back to work in a move calculated to distinguish them from the Tories.