Leaked Labour manifesto shows Jeremy Corbyn wants to re-nationalise Britain’s railways, energy and postal service in the most Left-wing election pledge for decades
The leak is a major embarrassment for Mr Corbyn and his aides, who planned to reveal their full plan next Monday
A LEAKED draft of Jeremy Corbyn's manifesto has revealed he plans to re-nationalise a raft of major industries in the most Left-wing election pledge for decades.
Under his extraordinary socialist blueprint for power to take Britain back to the 1970s, Labour will also slap a 20:1 ratio cap on bosses' pay.
The 43-page document has already been dubbed 'the NEW longest suicide note in history', after drawing comparisons with former leader Michael Foot's disastrous far-left 1983 manifesto.
It also reveals the Opposition boss would push for a "nuclear free world" if he gets into No10, saying the party is now "extremely cautious" about using Britain's nuclear deterrent.
A Prime Minister Corbyn would also be very reluctant to ever send Britain's troops to war, only authorising any new deployment if "all other options have been exhausted".
Some other key points from the leaked copy include:
- Bring railways back into public ownership and freeze fares
- Energy market partially re-nationalised and average household dual fuel bills capped at £1,000 a year
- University tuition fees abolished and maintenance grants reintroduced
- On Brexit they reject the option of leaving without a deal thus weakening the UK’s negotiating hand
- No commitment to cutting immigration levels
- Zero hours contracts outlawed and unpaid internships banned
- On executive pay a 20:1 limit on gap between the lowest and highest paid workers in companies given Government contracts
- A pledge to build a million new homes, including 100,000 council and housing association homes
- Borrowing £250bn to invest over a decade on energy, transport and digital infrastructure
- Lower the voting age to 16
- Support the renewal of Trident but a commitment to a “nuclear free world”
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Senior Labour figures on the party's National Executive Committee meet today to agree the manifesto, and major changes may be made to the draft.
But the fact it was leaked to national newspapers and the BBC is a major embarrassment for Mr Corbyn and his aides, who planned to reveal their full plan next Monday.
In response a Conservative spokesman said: “This is a total shambles. Jeremy Corbyn's plans to unleash chaos on Britain have been revealed.
“The commitments in this dossier will rack up tens of billions of extra borrowing for our families and will put Brexit negotiations at risk.
“Jobs will be lost, families will be hit and our economic security damaged for a generation if Jeremy Corbyn and the coalition of chaos are ever let anywhere near the keys to Downing Street.”
It's headline measure is a pledge to nationalise the energy firms, the railways, bus firms and the Royal Mail.
The 67-year-old would pledge a mammoth £250bn of extra borrowing and tax increases.
And the party will also create a Ministry of Labour, in a throw back to bygone Labour governments.
In a major sop to the unions, Mr Corbyn also wants to boost pay bargaining and increased unionisation across the workforce.
WHAT TO LOOK FORWARD TO UNDER LABOUR
AFTER Labour came to power in 1974, it capped public sector pay to curb inflation — while handing miners a 35 per cent rise.
Five years later, after being forced into taking a £2.3billion IMF loan, the Government faced the Winter of Discontent.
In all, 29.5million working days were lost to strikes in 1979.
Schools and hospitals shut, petrol ran short and rubbish piled up. The chaos helped to put Maggie Thatcher in No10.
On Brexit, it confirms Labour will rule walking away from negotiations without any deal - Theresa May's threat to EU chiefs.
The party will also refuse the PM's pledge to commit to any target to reduce immigration.
To pay for his vast state power grab, Mr Corbyn will hike income tax for anyone earning £80,00 a year or more - the top 5% of the population.
The document is understood to have been written by Mr Corbyn's communications chief Seumas Milne and Mr Corbyn's top policy adviser Andrew Fisher.
A Labour source warned it is "Ed Miliband's manifesto with hard left hundreds and thousands sprinkled on top".
In another move that risks enraging rural communities, the draft manifesto also pledges to help travellers and promise to protect their right to "a nomadic way of life".
Labour would also overturn a raft of reforms to tighten up the benefits system introduced by the Tories over the last seven years.
The document pledges to reverse the bedroom tax as part of a new Social Security Bill, as well as reintroducing housing benefit for under-21s and increasing Employment and Support Allowance by £30 per week.
There are also big cash increases for schools and NHS funding.
Prisons should be a "place of last resort", it adds.
And it confirms Labour will hike the national minimum wage by £1 to “at least £10 per hour” by 2020.
Unpaid internships will also be banned, a cap on public sector pay rises will be scrapped and “double pay paternity leave" for the first month will also be introduced.
Mr Corbyn also wants to launch a new press witch hunt.
Despite an exhaustive first probe and four years of police investigations, the second part of the Leveson inquiry into alleged corrupt dealings between the press and the police will go ahead.
A Labour spokesman said: "We don't comment on leaks.
"Our policies will be laid out when we launch our manifesto which is a plan to transform Britain for the many, not the few."
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