Under Labour, Britain would have a larger, deeper state, with a return to universalism at its core
JEREMY CORBYN served up Labour’s manifesto on November 21st with a dollop of populism. Billionaires were bashed. Journalists were booed . The party’s leader took aim at a rich, powerful elite who do not want “real change”. “Why would they?” asked Mr Corbyn at the launch in Birmingham. “The system is working just fine for them. It’s rigged in their favour.”
Its manifesto mixes the party’s greatest hits with some new tunes. The government would spend £75bn on building 100,000 council homes per year, paid for from a £150bn “transformation fund”, a pot of money for capital spending on public services. Rent increases would be capped at inflation. The most eye-catching proposal, a plan to nationalise BT’s broadband operations and then offer the service free of charge, was announced the previous week.
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