BRADFORD (United Kingdom)
Britain’s opposition Labour Party pledged to raise taxes on the well-off, renationalise key industries and end austerity in its manifesto on Tuesday, presenting voters with their starkest choice in decades in next month’s election.
Labour leader Jeremy Corbyn called the programme “radical and responsible”, saying the country had been run “for the rich, the elite and the vested interests” in seven years of Conservative government.
“It will change our country,” he will say in his speech at the presentation of the manifesto in Bradford in northwest England, according to extracts released by the party’s press office.
“It will lead us through Brexit while putting the preservation of jobs first,” he said.
The manifesto is expected to include a tax increase from 40 per cent to 45 per cent for salaries of between £80,000 and £150,0000 a year, according to The Times and The Daily Telegraph.
The current 40 per cent tax rate applies to people earning between £31,500 and £150,000.
There would also be a new top rate of income tax of 50 per cent, the reports said.
Labour has said the rise would fund increased investment in the state-run National Health Service (NHS) and would only affect five per cent of earners.