Labour has unveiled pledges costing £48.6bn – to be funded from extra tax revenue – in its election manifesto. Leader Jeremy Corbyn said the manifesto – including billions for schools and the NHS and an expansion of free childcare – was a “programme of hope”.
Income tax would increase to 45p for people earning over £80,000, and 50p for those on more than £123,000.
It also includes the nationalisation of England’s 10 water companies and scrapping university tuition fees. Labour said all the pledges were costed, with other fundraising measures including corporation tax rises, a crackdown on tax avoidance and an “excessive pay levy” on salaries above £330,000.
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