Election boobgate part two
Labour plans to take over rail, water and mail Biggest tax burden in 70 years, say experts
A BBC presenter accidentally groped a woman’s breast during a live broadcast. Ben Brown was talking to a colleague about the launch of the Labour manifesto when they were interrupted.
JEREMY Corbyn said yesterday Labour would increase taxes by almost £50billion.
He vowed to scrap university tuition fees, pump £6bn a year into schools, £7bn into health and social care and raise the minimum wage to £10 an hour.
His manifesto included plans to take water, energy, railways and the Royal Mail into public ownership.
And a new National Transformation Fund would borrow £250bn over 10 years to pay for the HS2 high-speed line to Scotland and a Crossrail for the North linking major northern ® cities. Labour would raise £6.4bn from the top 5% 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.
Big business would pay an additional £19.4bn through a hike in corporation tax from 19% to 26% by 2020/21.
The independent Institute For Fiscal Studies think tank said Labour’s programme would take the tax burden to its highest level for around 70 years. Launching the 124-page document in Bradford, Mr Corbyn said: “This is a programme of hope.
“The Tory campaign by contrast is built on one word, fear. Our proposals are of hope for the many all over this country and I am very proud to present our manifesto for the many, not the few.”
PM Theresa May last night blasted the manifesto a “nonsense”.
She said: “What we see from Labour’s proposals today is they don’t add up and their nonsensical economic policies mean that it is ordinary working