Labour spending plans to create £58bn hole in public finances, claim Tories
- Author: Carolyn Briggs May 18, 2017,
May 18, 2017, 16:35
"It will lead us through Brexit while putting the preservation of jobs first", he said of the manifesto, appearing in front of Labour's election slogan: "For the many, not the few".
Immediately guarantee all existing rights for European Union nationals living in Britain and secure reciprocal rights for Britons living elsewhere in the bloc.
Mr Bell said it was "over optimistic" to put a figure on the amount that the income tax and corporation tax increases would raise, because it was impossible to predict how people would respond.
Labour said this would only affect five percent of taxpayers and there would be no increase in sales tax.
In reference to Making Tax Digital, the party says it will "exclude small businesses from costly plans to introduce quarterly reporting and take action on late payments".
The most left wing manifesto in decades promised two streams of spending: "current spending", such as on schools and the NHS, and the " National Transformation Fund" which includes cross-rail expansion and the renationalisation of utilities and services such as Royal Mail and rail networks.
His comments come amid reports that the Labour leadership will argue that Corbyn should remain leader if he can match the party's vote share of 30.4 percent at the last election under then-leader Ed Miliband.
At the launch, Corbyn insisted "opinion is changing and is moving towards Labour", but the manifesto will do little to turn the tide, according to the University of Stirling's Eric Shaw.
"This is a programme of hope".
Build more than one million new homes, including at least 100,000 public homes a year.
Even though the Tories had 11 seats, Labour's Jenny Laing became council leader and party colleague Barney Crockett was elected as Lord Provost. "Sensible, costed and when tested, our policies are highly popular with the public", he told AFP.
In a telephone interview with POLITICO, the Unite leader pinned the blame for Labour's struggles on the media's "constant attack" on Corbyn, internal party divisions, and on public support for Prime Minister Theresa May "jumping on the bandwagon of hard Brexit".
But writer Barnaby Neale, a Labour volunteer, said the "inspiring" manifesto would sway voters. I'm full optimism for what Labour can achieve'.
"What we see from Labour's proposals today is that they don't add up and their nonsensical economic policies would mean that actually it was ordinary working families who would pay the price for Labour's coalition of chaos".
Mr Johnson said the tax burden was "already heading upwards", adding: "If Labour could raise the £49 billion it claims, we would have highest tax burden in 70 years".
However, the Institute for Fiscal Studies (IFS) has pointed out a flaw in the plan: tax relief on pension contributions.
"They are suggesting a £50 billion increase in tax, which if it were to be implemented would take the tax burden in this country to the highest level it's been in about 70 years", he told the BBC.
'Labour is proposing to raise income taxes for the highest-income 2% of adults.