Corbyn sets out radical manifesto for UK polls
Print Edition
BRITAIN’S main opposition Labor Party appealed to voters yesterday with promises to increase the minimum wage, boost spending on health, education and infrastructure, nationalize key industries and pay for it all by raising taxes on high earners.
Labor leader Jeremy Corbyn said the party has a “radical and responsible” program “for the many, not the few,” ahead of the June 8 general election.
The party promises to increase the minimum wage to 10 pounds (US$12.89) an hour by 2020 from 7.50, nationalize railways, energy companies and the postal service, scrap university tuition fees and pump billions more into the National Health Service.
Corbyn said a Labor government would pay for increased spending by “asking the better-off and the big corporations to pay a little bit more.”
The party would also introduce a financial transactions levy and raise income tax for the top 5 percent of earners, adding a new top rate of 50 percent for people earning 123,000 pounds plus a year.
Corbyn believes the policies will speak to voters who have seen living standards squeezed by flat-lining wages, cuts to government benefits and declining numbers of long-term jobs with secure pensions.
The Conservatives, however, say that Labor’s economic vision will stifle growth.
Chief Secretary to the Treasury David Gauke said Corbyn “has made so many unfunded spending commitments it is clear that Labour would have to raise taxes dramatically because his sums don’t add up.”
Opinion polls consistently give the Conservatives a big lead over Labor.
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