Jeremy Corbyn unveils Labours class war manifesto stuffed with billions in extra spending

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JEREMY Corbyn today stoked the fires of division in the UK as he unveiled his class war manifesto.

The lefty Labour leader said he “welcomes the hatred” caused by his Marxist vision and has vowed to enforce a costly 1970s-style renationalisation and squeeze on businesses.

Jeremy Corbyn today stoked the fires of division in the UK as he unveiled his class war manifesto

RED RIOT

Corbyn’s plan is a declaration of class war in the UK which opponents claim will destroy property rights, the jobs market and the economy.

But he told Britain’s richest he does not care if they hate him – because he stands with the “people”.

Mr Corbyn said: “We will go after the tax dodgers, the bad bosses and the big polluters so that everybody in our country gets a fair chance in life.”

The Labour boss said there would no increase in VAT, income tax or National Insurance for anyone earning less than 80,000.

Mr Corbyn also told supporters that the Universal Credit benefits scheme will be scrapped.

Business chiefs were warned they will be made to pay out more, with corporation tax increased to 26 per cent by 2022.

GREEN SCHEME

To win the green vote, Mr Corbyn has pledged to enforce a windfall tax on oil companies to those who have knowingly damaged our climate will help cover the costs.

However, he has not agreed to lay out a net-zero target for carbon emissions, instead promising to aim to achieve a substantial majority of reductions by 2030.

For young people, Labour has vowed to ensure 16 year olds are given the vote but Mr Corbyn has not pledge to write off existing student debt.

‘CRACKPOT’

The Labour boss wants to transport Brits back to the 1970s by renationalising our industries including rail.

His plans to dish out free broadband for all costing the taxpayer 160billion – and introduce a four-day working week have been blasted as crackpot.

 

CEOs have warned they will flee Britain if Labour continues with their vitriolic attack on business.

But shadow chancellor John McDonnell has ignored their calls – vowing to “rewrite the rules of our economy and slap them with more red tape.

Mr Corbyn also took aim at Boris Johnson and again accused him of plotting to sell off the NHS to US pharmaceutical companies – a claim the furious PM has strongly denied.

He said today: “Johnson is preparing to sell out our NHS for a US trade deal that will drive up the cost of medicines and lead to the runaway privatisation of our health service.

“We say it loud and clear: our NHS is not for sale.”

LABOUR PROMISES

On Brexit, the party will keep to the position decided at its autumn conference of renegotiating an exit deal with the European Union by March and then putting those terms to a public vote within another three months, with Remain as an option.

The manifesto also contais intentions to significantly boost NHS spending, create a 10 minimum hourly wage for all, and tackle climate change by creating jobs in a “green industrial revolution”.

A spree of social house building – the largest since the 1960s – will also feature, with a 75 billion plan, paid for through borrowing, to construct 150,000 homes a year.

SPENDING ROW

But the Labour boss is set to be plunged into yet another spending row after claiming the Labour manifesto was fully costed.

Mr Corbyn insisted his party had done the maths for their expensive array of policies – only for it to show in the small print they might have got it wrong.

His party had promised nationalising companies would be “fiscally neutral”, only for his own manifesto to admit “there may be some further capital expenditure”.

It also emerged theyd already got the price of running British broadband wrong, with the party changing its figures just one week on from the fanciful announcement.

The leftie leader had originally claimed it would cost 230million, only to admit now the figure is a massive 579m.

Jeremy Corbyn today stoked the fires of division in the UK as he unveiled his class war manifesto
Jeremy Corbyn waves to supporters as he arrives in Birmingham to launch Labour’s manifesto
Jeremy Corbyn is flanked by his shadow cabinet as he arrives in Birmingham
Mr Corbyn holds up a copy of Labour’s ‘fully costed’ manifesto

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