Britain's Labour launches 'radical, responsible' election manifesto


27 May, 2017

The party would increase corporation tax, introduce a financial transactions levy and raise income tax for the top 5 percent of earners, adding a new top rate of 50 percent for people earning 123,000 pounds a year or more.

The Institute for Fiscal Studies say this is a blueprint for state intervention on a scale not seen since the 1970s, and Labour is not disputing it.

A Conservative source said: "Jeremy Corbyn's plans will bankrupt Britain".

Mr McCluskey said it was hard for the party to challenge now only two years after losing an election and one year after Labour MPs attempted to replace Mr Corbyn as leader, a move he said gave the impression of a divided party in the minds of many voters.

It also says Labour supports keeping Britain's nuclear-armed submarines " something Corbyn personally opposes.

"And that's wrong. We can see that politics is broken, and I think Brexit is a symptom of that".

In addition to free college tuition and improvements to health care, Corbyn would lift a public sector pay cap while doubling paternity pay and time off.

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The leader of the UK's biggest union said he was supportive of the manifesto but was not "optimistic" about Labour's chance on 8 June, given the hostility which he claimed it faced in large sections of the media.

However, it should be noted that while the Conservative party has what appears to be an unassailable lead, Other parties can still narrow the gap as more than one-in-ten (12%) of "likely voters" in the election are still undecided. "The focus on their manifesto may have helped them this week, but on many fundamentals such as leadership the public still puts them a long way behind the Conservatives, and their vote is much softer, with one in six of their supporters considering voting for Theresa May's party".

For schools, Mr Corbyn promises that "we will make sure schools are properly resourced by reversing the Conservatives' cuts and ensuring that all schools have the resources they need".

He said: "As we've seen with the existing 30-hour offer for working families, if such policies aren't adequately funded, many providers simply won't engage with them - our recent survey revealed that less than half of nurseries, pre-schools and childminders in England plan to deliver the current offer for three- and four-year-olds".

Labour's manifesto - published on Tuesday - did not set out how plans to nationalise the national grid and the water industry would be funded.

"It's clear that proposal after proposal in this manifesto will mean more borrowing and debt: from promises on benefits, to promises on prison guards, to promises on nationalising the water network", chief secretary to the finance ministry, David Gauke, said in a statement.

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