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Labour Party manifesto offers second EU referendum and nationalised energy

By Hazel Davis

Opposition manifesto promises EU single market and customs arrangement

The UK Labour Party election manifesto has promised a new Brexit deal within months, along with a legally binding public referendum.

The manifesto also suggests a comprehensive, UK-wide customs arrangement with the EU, close alignment with the single market and a shake-up of workers’ rights.

Labour leader Jeremy Corbyn announced a £11bn windfall tax on oil and gas companies to form a “just transition fund” and work towards towards a greener economy.

The manifesto also contains plans to reform taxi rules and corporation tax. Corbyn described it as “a once-in-a-generation chance for real change”.

The big-spending announcement comes after Prime Minister Boris Johnson’s unexpected pledge on Thursday to raise the National Insurance threshold. Johnson’s chancellor, Sajid Javid, later played this down.

Carolyn Fairbairn, director general of the UK Confederation of British Industry (CBI), said: “Labour’s default instinct for state control will drag our economy down, rather than lift people up.

“Policies ranging from major renationalisation and a four-day week to the ill-conceived plan to remove 10% of shares from public companies will hurt employers, employees, savings and pensions,” she added. “It’s the most vulnerable in society who will pay the price for this economic experiment.”

FURTHER READING: Pound in flux as Boris Johnson calls for general election

FURTHER READING: Twitter pulls political ads

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