Corbyn's la la Land Manifesto; He Wants to Blow PS500bn on Plan for '21St-Century Socialism'

Daily Mail (London), September 29, 2016 | Go to article overview

Corbyn's la la Land Manifesto; He Wants to Blow PS500bn on Plan for '21St-Century Socialism'


Byline: James Slack and Jason Groves

JEREMY Corbyn unveiled his blueprint for '21st-century socialism' yesterday with plans for a debt binge and a PS9billion hike in business taxes.

Setting out his hard-Left manifesto, the Labour leader pledged to splurge PS500billion on a new investment fund and allow Town Halls to borrow billions.

Employers would be clobbered with a corporation tax increase of up to 1.5 per cent to bankroll a 'national education service' and re-instate generous grants for students.

Mr Corbyn also pledged to weaken the sanctions regime that sees the jobless lose some of their state handouts if they refuse to take steps to find work.

And on immigration, he refused to put any limit on the numbers pouring in - despite admitting there is pressure on public services.

At the party's conference, Mr Corbyn told cheering delegates his mission was to deliver 'municipal socialism for the 21st century, as an engine of local growth and development'.

But his speech was immediately labelled 'a prospectus for poverty, unemployment, debt and recession' - with business leaders warning it would take the country backwards.

Simon Walker, of the Institute of Directors, said: 'The basic question is, how will he pay for these mammoth spending plans?' Speaking four days after being re-elected leader, Mr Corbyn told Labour MPs they had to end the 'trench warfare' in their ranks and work together.

But he set out a manifesto likely to cause alarm among moderate MPs already worried about the party's lack of economic credibility.

Saying the 'so-called free market system' had 'produced grotesque inequality', he warned businesses he would jack up corporation tax in order to 'give an education maintenance allowance to college students and grants to university students so that every young learner can afford to support themselves as they develop skills and get qualifications'.

Mr Corbyn promised a PS160million 'arts pupil premium' to give children access to music, drama and dance.

And he pledged to lift borrowing restrictions on councils so they could fund housebuilding.

This could allow local authorities to borrow billions against their existing housing stock.

The leader also announced a 'national investment bank' with PS500billion to spend on broadband, railways and housing.

In a speech littered with references to 'solidarity' and 'socialism', he said: 'This is the deal Labour will offer to business. To help pay for a national education service, we will ask you pay a little more in tax.'

On foreign policy, he again apologised for the war in Iraq and pledged to end the sales of arms to Saudi Arabia. He also accused the Government of 'bringing division back' with plans to allow new grammar schools. But Josh Hardie, of the CBI, which represents businesses across the UK, said 'artificially hiking wages and changing corporation tax could be investment dampeners, not drivers' and risked taking Britain backwards.

The Tories said Mr Corbyn's pledge to build 1million homes - half of them council houses - would cost PS13.2billion, while a scheme to re-nationalise the railways would hit taxpayers with a PS9. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Corbyn's la la Land Manifesto; He Wants to Blow PS500bn on Plan for '21St-Century Socialism'
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.