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Labour unveiled its most radical manifesto for a generation with a raft of spending plans costing £48 billion.

Leader Jeremy Corbyn announced a series of tax hikes, with a 45p rate of income tax on those earning more than £80,000 and a 50p tax rate for those on £123,000 or more.

Among a host of spending plans was £11.2bn to axe tuition fees for students and reintroduce maintenance grants.

The manifesto also contained plans to re-nationalise the railways, the Royal Mail and water companies.

Here are the key points of Labour’s 2017 General Election manifesto:

Tax and the deficit:


A new 45p rate of income tax for people earning £80,000 or more
The reintroduction of the 50p tax rate for those on more than £123,000
Scrapping of the bedroom tax
Corporation tax hiked from 19p in the pound to 26p
‘Robin Hood tax’ on financial transactions in the City
No rises in personal National Insurance contributions or VAT.
Aim to eliminate the deficit on day-to-day spending within five years
Ensure national debt is reduced
Brexit and immigration:
Ditch Theresa May’s strategy
Launch ‘fresh negotiating priorities’ – with emphasis on retaining access to the Single Market and Customes Union over immigration
Immediately guarantee existing rights for EU nationals in Britain
Reject the idea that ‘no deal’ is viable in EU negotiations
No cap on immigration
International students included in immigration figures
Crackdown on ‘fake colleges’
Rent controls – rises limited to the rate of inflation
Extra powers for Mayor Sadiq Khan to help Londoners struggling to rent
Three-year tenancies to become the norm
Ban on letting agent fees
New consumer rights for tenants and new landlord licensing scheme
A million new homes over five years, including 100,000 social homes a year and low-cost housing for first-time buyers
Scrap right to buy and the bedroom tax
Make 4,000 additional homes available for rough sleepers to end homelessness.

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