Given by most metrics Jeremy Corbyn is on track to win the Labour leadership contest, his policies deserve to be examined and discussed. Based on his speeches and pamphlets, here is a summary of what Corbyn has pledged to do in key policy areas. There is a surprising amount of detail.
Economy
Corbyn’s economic ideas have been outlined in a document: The Economy in 2020. His approach for ‘growth not austerity’ is one of his most comprehensive policy areas. Corbynomics, which we’ve looked at in the past, is based on raising taxes and using the proceeds to invest in the economy. He has promised to ‘cut some of the huge tax reliefs and subsidies on offer to the corporate sector,’ which would amount to some £93 billion a year. The proceeds would be used to create a National Investment Bank.
‘Quantitative easing for people’ is another one of his key policies, as is introducing a more ‘progressive’ tax system, which would affect corporations and high income earners.
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