Today Jeremy Corbyn launched Labour’s 2017 manifesto in Bradford. Given that the draft version of the document leaked last week, a lot of the contents haven’t come as a surprise. However, there are still a few significant things to note from the 124-page document:
- Labour have not factored in the cost of nationalisation into their ‘full costing’. Despite promising last week that the party’s policies would be ‘fully costed’, there is a large chunk of the party’s plans that are missing from the calculations. The cost of buying back public utilities, railways and Royal Mail is not included. Given that Thames Water alone is valued at over £10bn, this is no small feat. The party say that the costs are not in the document as they are one-off payments that would fall into capital spending (something they can borrow for).
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in