Ed Balls's plan:

Ed Balls, a shadow chancellor in Ed Miliban's SC proposed a Labour economic plan, which aim is to boost British economy.

• slashing VAT to 5% for home improvements and a one-year small firms national insurance tax holiday for taking on extra workers.
• reversing VAT rise from 17.5% to 20% and promised a repeat of this year's bankers' bonus tax, using the money to guarantee 100,000 jobs for young people and building 25,000 affordable homes.
• bringing forward genuine long-term investment projects covering schools roads and transports

There was no costing for his overall proposals but his aides said the targeted VAT cut for the housing industry would cost between £100m and £500m, adding similar targeted VAT cuts were being tried in France. The national insurance holiday for small business taking on extra staff would be funded from money left over from the government's failed national insurance rebate fund. Ministers had originally set aside £1bn for this fund.
(by guardian.co.uk)