Labour spending plans to create £58bn hole in public finances, claim Tories


WYRE Forest's Labour candidate backed Jeremy Corbyn's high profile manifesto launch today by saying it will transform Britain into a fairer society.

Corbyn, who is flagging badly in the opinion polls, promised to "change our country" with a raft of proposals including raising taxes on the well-off and renationalising key industries.

United Kingdom opposition Labour Party leader Jeremy Corbyn will on Tuesday unveil a "radical and responsible" plan for government vowing it will change the country and govern "for the many not the few", the media reported.

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 Corbyn as leader - a move he said instilled the impression of a divided party in the minds of many voters.

Labour said it will not try to overturn Britain's decision to leave the European Union, but will "negotiate a deal that preserves jobs and access to the single market" and maintains standards of workers' rights established under the EU.

Its response was to say that 95 percent of earners would pay no more tax, but that the burden would start to rise on earnings of more than 80,000 pounds, about $103,000 at current exchange rates, and in corporate taxes.

The manifesto also included commitments to nationalising the railways, and bringing Royal Mail, water and energy back into public ownership.

The IFS said the plans would result in a marginal tax rate of more than 73 per cent for workers earning between £100,000 and £123,000, once NI is taken into account.

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"It's a program that will reverse our national priorities to put the interests of the many first", Corbyn is expected to say. This is a programme of hope.

"The Labour Party campaign has outshone the Tories' comfortably".

Other pledges in the Labour manifesto include building one million new homes and adding four national holidays to the calendar.

Labour's Jeremy Corbyn is campaigning for next month's United Kingdom election with his eye already on the next battle: to remain party leader even when defeat seems all but inevitable. "Sensible, costed and when tested, our policies are highly popular with the public", he told AFP.

Mr McCluskey's prediction of just 200 seats for Labour and a big win for Theresa May and the Conservatives will be interpreted in two ways inside the Labour Party and by political opponents.

But writer Barnaby Neale, a Labour volunteer, said the "inspiring" manifesto would sway voters.

Mrs May responded: "From what I see, it is a very long wish list, a whole lot of promises, but if you look at it, it doesn't add up".

His comments were dismissed by Labour's elections co-ordinator Andrew Gwynne, who said: "This is absolute rubbish from the Tories and yet another wholly cynical ploy to try and avoid scrutiny of their own spending plans".