Owen Smith: The 20 policy pledges made in bid to challenge Labour leader Jeremy Corbyn

Here are his 20 policy pledges:

• A pledge to focus on equality of outcome, not equality of opportunity

• Scrapping the DWP and replacing it with a Ministry for Labour and a Department for Social Security

• Introducing modern wages councils for hotel, shop and care workers to strengthen terms and conditions

• Banning zero hour contracts

• Ending the public sector pay freeze

• Extending the right to information and consultation to cover all workplaces with more than 50 employees

• Ensuring workers’ representation on remuneration committees

• Repealing the Trade Union Act

• Increase spending on the NHS by 4% in real-terms in every year of the next parliament

• Commit to bringing NHS funding up to the European average within the first term of a Labour government

• Greater spending on schools and libraries

• Re-instate the 50p top rate of income tax

• Reverse the reductions in Corporation Tax due to take place over the next four years

• Reverse cuts to Inheritance Tax announced in the Budget

• Reverse cuts to Capital Gains Tax announced in the Budget

• Introduce a new wealth tax on the top 1% earners

• A British New Deal unveiling £200 billion of investment over five years

• A commitment to invest tens of billions in the north of England, and to bring forward High Speed 3

• A pledge to build 300,000 homes in every year of the next parliament - 1.5 million over five years

• Ending the scandal of fuel poverty by investing in efficient energy