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Rubalcaba : ' No cuts to Health or Education '

Thu 8th Sep 2011

Alfredo Pérez Rubalcaba appeared on Spanish TV's 59 Segundos last night, promising how he would slash unemployment over the next four years, but he would not be drawn on how he would achieve this and the number of new jobs that he would create.

The ruling PSOE party's candidate for November's National Election maintained that his claim was realistic and that would not make any promise that he was unable to finance.

Rubalcaba denied that the economy would need to grow by 2% before any new jobs could be created, saying that public resources could be used to create employment not only in the first, but also in the second year, even if the economy was still in a fragile state.

"I'm not promising that we'll abolish unemployment in the space of four years, but if we do things properly we will create jobs over this period," he added.

Rubalcaba added that it is was feasible to cut spending and still grow the economy, and that this would be his priority. One of the means of achieving this would be through the re-introduction of capital gains tax for those in the highest tax bracket, and through the new tax on bank profits, both of which would be be made clear in his manifesto before the election.

He confirmed he had no intention of making any spending cuts in the Health or Education sectors.

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