Labour says its new election policy aimed at small businesses is about making life a little easier.

If it gets into power, the Labour will raise the GST threshold, lift asset write-offs and require big businesses to pay up faster.

It would axe the current Government's Investment Boost, which lets businesses deduct 20 percent of the cost of a new asset.

Leader Chris Hipkins says small businesses shouldn't be a line of credit for big businesses. 

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