Jeremy Corbyn vows to plug £3billion black hole in schools funding in another uncosted election pledge

Jeremy Corbyn has unveiled yet another uncosted election pledge.

He vowed to plug a £3billion black hole in schools funding and suggested he would fund it by his proposed hike in corporation tax.

But the latest spending vow becomes the 13th policy to be paid for with the rise in business tax.

The commitments add up to £18 billion – which would mean corporation tax soaring from its current rate of 20p in the pound to nearly 30p.

The Tories have pledged to cut it to 17 per cent by 2020.

Mr Corbyn told a teachers conference in Telford yesterday that a Labour government will be “brave enough” to tackle an estimated £3 billion hole in school budgets identified by the National Audit Office.

Hinting that money may be found for schools through a corporation tax, he said: “While funding to our children’s education is cut, multinational corporations have received multibillion-pound tax giveaways.

“How can it be right that money is being siphoned straight out of our children’s schools and directly into the pockets of the super-rich?

“We have to be clear, once and for all, that enough is enough.”

A Labour spokesperson said its policies will be fully laid out and costed in its election manifesto later this month.

Labour faced further accusations of seeking a “coalition of chaos” yesterday after the party’s former policy chief Jon Cruddas called on Mr Corbyn to withdraw candidates from two seats to help the Green party defeat the Tories.

He clubbed together with a host of other Labour MPs and campaigners to call for a pact with the Greens to stop a “Tory landslide”.

And they suggested standing aside in Brighton Pavilion and the Isle of Wight to aide the Green party to beat the Tories.