Newslinks

Corbyn hails ‘most expensive manifesto in British history’…

“Jeremy Corbyn has presented the most expensive manifesto in British political history, with plans to expand the state to its largest size since the Second World War. The Labour leader announced plans yesterday for an £83 billion spree, with huge increases to Whitehall budgets across the board and a 5 per cent pay rise for all 5.4 million public sector workers. Labour’s “colossal” tax-and-spend plans would be funded by increases to business levies that one independent expert said would give Britain the “most punitive corporate tax system in the world”. Paul Johnson, director of the Institute for Fiscal Studies, said Labour’s claim that such spending could be funded purely by taxing businesses and the rich was “simply not credible”.” – The Times

  • Labour leader vows to take on ‘establishment’ with £83 billion splurge – Daily Telegraph
  • Activists ‘united’ as they prepare to sell plan… – The Guardian
  • …but boo Kuenssberg at launch – The Sun
  • Manifesto alarms City and business leaders – FT
  • Raid will hit investors and those with second homes – The Times
  • Proposals ‘torn apart’ by the IMF – The Sun
  • Elderly could face £100,000 bill for care homes – Daily Telegraph
  • Labour prepare to unleash 12 tax rises on workers – The Sun

>Yesterday:

…as he commits Labour to freedom of movement

“Labour last night vowed to keep free movement for EU citizens and to allow tens of thousands more immigrants from the rest of the world into Britain. Leader Jeremy Corbyn promised to tear up rules which mean new arrivals must be earning at least £18,600 if they want their families to join them. His party also said it would not put any limit on the number of people moving to Britain. The announcement is a radical departure from Labour’s 2017 manifesto pledge to end free movement. And it is set to infuriate voters in the party’s heartlands who backed Brexit because they wanted immigration cut… Home Office Minister Brandon Lewis warned it would lead to higher immigration and put yet more strain on Britain’s public services.” – The Sun

  • Attitudes towards immigration soften — but it’s still complicated – FT

More:

  • Welsh and Scottish Labour to set out stalls – FT
  • Tax on private schools could force out 100,000 pupils – The Times

>Today: Iain Dale’s column: Is Labour’s manifesto the longest suicide note yet?

Fraser Nelson: Corbyn’s proposals would hurt the many more than the few

“The idea of this money being squeezed from a small number of high earners, of course, is a fantasy. And this is where the danger lies. Perhaps because the Labour manifesto is based on an imaginary Britain – one where the rich are selfish and avoid tax – its solutions are also fantastical. The UK government is unusually reliant on the incomes of a small number of super taxpayers, so the economics of taxing them is an important art. When Labour last whacked the top 1 per cent, under the Callaghan government, they paid just 11 per cent of all income tax collected. After the Tories cut the top rate of tax, the 1 per cent ended up paying 28 per cent of all income tax. A new record and a progressive triumph. But very easily ruined.” – Daily Telegraph

  • Big plans don’t bear real scrutiny – Paul Johnson, The Times
  • The 80s ‘loony left’ would blush at this – Dominic Sandbrook, Daily Mail
  • Promised transformation is an assault on business – Robert Shrimsley, FT
  • Naked bribery could only be paid for by tax rises for all – Matthew Lynn, Daily Telegraph
  • Manifesto is more radical than in 2015 – Oliver Wright, The Times
  • Taxes cannot be something that other people pay – Chris Giles, FT
  • A Marxist catalogue of hate and intolerance – Leo McKinstry, The Sun
  • Sensible ideas outnumbered by absurd promises – Philip Collins, The Times
  • A few good ideas on how to fix capitalism – Charlotte Pickles, Daily Telegraph
  • I’m Jewish, and here’s why I’m voting Labour – Jonathan Lis, The Guardian

Editorial:

  • A recipe for decline – FT
  • Labour is infested with Jew-baiting racists – The Sun
  • A ruinous increase in the size and scope of the state – The Times

Corbyn’s dilemma for Remain voters

“British voters are preparing to go to the polls in a general election for the third time in four years, and the choice facing Ley is also being widely discussed at soirées in the City of London — where many banks and financial services companies fear the impact of Brexit on growth — and in Remain-voting constituencies up and down the country. Is now the time to end the country’s Brexit psychodrama and political paralysis, even if that means voting for Johnson — the man many Remainers blame for getting the country into this mess in the first place? Or is it yet possible to halt a policy that many regard as an economic disaster and national humiliation?” – FT

  • A Liberal Democrat implosion could transform this election – Tom Harwood, Daily Telegraph
  • Swinson is leading her party into a dead end – Iain Martin, The Times

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