Labour manifesto commits to public spending and single market

Frederick Owens
May 19, 2017

Labour has been given a significant boost in two general election polls out today, prompting Jeremy Corbyn supporters to "keep up the fight".

A statement on the organisation's website from DMA secretary Alan Cummings reads: "We are proud to announce that Jeremy Corbyn MP, Leader of the Labour Party will address this year's Durham Miners' Gala on Saturday, July 8".

Britain, Mr. Corbyn said at his manifesto announcement at the University of Bradford, had been "run for the rich, the elite and the vested interests", adding: "They have benefited from tax cuts and bumper salaries while millions have struggled".

In comments that will incense and dismay many Labour MPs, Unite leader Len McCluskey spoke out just hours after the launch of the party's election manifesto.

Mr Corbyn sought to put some distance between Labour and the Conservatives on Brexit, promising that Labour would take a different approach in the negotiations, prioritising access to the single market and the customs union.

The Labour leader plans to raise £6.4 billion from the top 5% of earners by lowering the threshold for the 45p rate of income tax from £150,000 to £80,000 and introducing a new 50p rate for earnings above £123,000. The current 40% tax rate applies to people earning between £45,000 and £150,000.

Critics say the move leftwards stirs memories of the party's 1983 manifesto, described then by a Labour lawmaker as "the longest suicide note in history" for helping the Conservatives, and some have questioned how the party can fund its program.

Labour will also promise to renationalize the railways, the Royal Mail postal service and water companies, according to various reports.

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"This is a program of hope".

"I thought, with things like the minimum wage, the NHS, schools and so on, unless you are very careful you are going to find a significant swing to Labour on those issues".

"The reality, of course, is that Labour has launched their manifesto, a fantastic manifesto, a manifesto for workers, for ordinary working people and a manifesto which will change Britain for the better".

"I think it's radical without being extreme".

But Prime Minister Theresa May's Conservatives immediately slammed the plan as "nonsensical" and not properly cost.

Read it, discuss it, share it: https://t.co/nXm01GIrNd pic.twitter.com/wTIZBfpwBe- Jeremy Corbyn (jeremycorbyn) May 16, 2017 And whilst Labour say they respect the referendum result, they've promised a vote in parliament would be held on the final Brexit deal.

The IFS said: "The tax revenue that Labour's proposal would raise is highly uncertain".

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