Labour 2017 election manifesto: Key points
Here are the key commitments - and costings:
Commitments
- Bring private rail companies back into public ownership as their franchises expire.
- Transition to a publicly-owned, decentralised energy system.
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Hide Ad- Replacement of water system with a network of regional, publicly-owned water companies.
- Reversal of Royal Mail privatisation "at the earliest opportunity".
- Development of "fair" immigration rules.
- National Transformation Fund borrowing £250 billion over 10 years to "deliver the investment that every part of Britain needs to meet its potential".
- No rise in income tax for those earning less than £80,000. No increases in personal National Insurance or the rate of VAT.
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Hide Ad- Zero hours contracts will be banned to guarantee workers a "number of hours each week".
- Maximum pay ratios of 20:1 to be rolled out in public sector.
- Raise minimum wage to "at least £10 per hour by 2020".
- Ban unpaid internships.
- A "clamp down on bogus self-employment" and extend rights of employees to all workers - including shared parental pay.
- Party will guarantee state pension triple lock, as well as the Winter Fuel Allowance and free bus passes.
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Hide Ad- Cuts to Bereavement Support Payment will be scrapped, as will the Bedroom Tax and the "punitive sanctions regime", while the Housing Benefit for under-21s will be reintroduced.
- An end to tuition fees and the reintroduction of maintenance grants at a cost of £11 billion.
- £6.3 billion extra funding for schools.
- £5 billion additinal spending on health and £2.1 billion for social care.
- A boost to capital funding for the NHS, "to ensure that patients are cared for in buildings and using equipment that are fit for the 21st century".
How will they be paid for?
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Hide Ad- Increasing the main rate of corporation tax to 26% by 2020/21, raising an estimated £19.4 billion.
- Lowering the threshold for the 45p rate of income tax from £150,000 to £80,000 and introducing a new 50p rate on earnings over £123,000, raising a total of £6.4 billion a year.
- Reversing Conservative "tax giveaways" on levies including capital gains and inheritance tax, to raise £3.7 billion.
- The introduction of VAT on school fees will raise £1.6 billion.
- £1.3 billion will be raised through an "excessive pay levy" on firms with high-earning employees.
- £5.6 billion will be raised from a "Robin Hood tax" extension of stamp duty onto derivatives.