Cameron outlines £2.6bn tax cut plan

In a scheme the Tories say will create an estimated 350,000 new jobs over the next year, tax breaks worth £2,500 per head will be given to firms who hire workers unemployed for three months or more. The Conservatives believe the tax breaks will not add to the UK’s mounting national debt, as the money used can be saved on welfare payments. “The scheme would create new jobs, boost the economy and reduce the damaging social costs associated with unemployment,” the party says. “Because it would be funded from lower spending on unemployment benefits, it would be revenue neutral overall for th...