The sports category has moved to a new website.
ADVERTISEMENT

Labour Party unveils 'radical' election manifesto

There would also be a new top rate of income tax of 50 percent, the reports said.

Britain's main opposition Labour Party leader Jeremy Corbyn describes his manifesto as 'radical and responsible'

Labour leader Jeremy Corbyn called the programme "radical and responsible", saying the country had been run "for the rich, the elite and the vested interests" in seven years of Conservative government.

"It will change our country," he will say in his speech at the presentation of the manifesto in Bradford in northwest England, according to extracts released by the party's press office.

"It will lead us through Brexit while putting the preservation of jobs first," he said.

ADVERTISEMENT

The manifesto is expected to include a tax increase from 40 percent to 45 percent for salaries of between £80,000 (94,000 euros, $103,000) and £150,0000 a year, according to The Times and The Daily Telegraph.

The current 40 percent tax rate applies to people earning between £31,500 and £150,000.

Labour has said the rise would fund increased investment in the state-run National Health Service (NHS) and would only affect five percent of earners.

The Guardian reported that the party was also planning a levy on businesses with staff earning large salaries, set at 2.5 percent on those earning over £330,000 and 5.0 percent on those earning more than £500,000.

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

ADVERTISEMENT

Labour has also promised it will increase corporation tax to 26 percent by 2022 and impose a "Robin Hood tax" on financial transactions.

"It's a programme 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 Tory campaign, by contrast, is built on one word: fear."

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

"It's ordinary working people who will pay for the chaos of Corbyn," Treasury Chief Secretary David Gauke said in a statement.

ADVERTISEMENT

The Conservatives currently have a double-digit lead over Labour in opinion polls.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Marianne Kitany tactfully speaks on whether Ruto should fire her ex, CS Linturi

Marianne Kitany tactfully speaks on whether Ruto should fire her ex, CS Linturi

Gov't & opposition officials clash at Rita Tinina's burial ceremony

Gov't & opposition officials clash at Rita Tinina's burial ceremony

CS Murkomen unveils new number plates for cars that will get preferential treatment

CS Murkomen unveils new number plates for cars that will get preferential treatment

Moi University students escape through windows after road crash

Moi University students escape through windows after road crash

57,000 civil servants to have their rent reviewed upwards

57,000 civil servants to have their rent reviewed upwards

Interesting story of U.S. Army Specialist Wambui who comes from a military family

Interesting story of U.S. Army Specialist Wambui who comes from a military family

Heroic GSU officer dies after jumping out of a taxi along Thika Super Highway

Heroic GSU officer dies after jumping out of a taxi along Thika Super Highway

DJ Joe Mfalme detained for 14 more days

DJ Joe Mfalme detained for 14 more days

Explosive blows up hotel next to police station, deaths reported

Explosive blows up hotel next to police station, deaths reported

ADVERTISEMENT