Corbyn Manifesto Targets Britain’s Wealthy: U.K. Campaign Trail
Corbyn Manifesto Targets Britain’s Wealthy: U.K. Campaign Trail
Labour Party leader Jeremy Corbyn will be seeking to challenge the rich and powerful when he unveils his manifesto in Birmingham. With policies targeting polluters, tax dodgers and bad bosses, Corbyn wants to show he is on the side of ordinary voters.
Both main parties will unveil plans to fix the country’s housing crisis. Labour will promise to spend around 75 billion pounds ($97 billion) over five years building social housing, while Prime Minister Boris Johnson will visit the east of England to promote the Conservatives’ plans for long-term fixed rate mortgages.
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Coming up:
- 11 a.m. Corbyn launches the Labour Party manifesto in Birmingham, followed by a Q&A and a visit later in the day
- 10 a.m. Home Secretary Priti Patel will address the Police Federation in London
- Early afternoon: Boris Johnson will visit a residential development in the east of England to highlight new policies on housing
The Polls:
- Tories had an 11 point lead over Labour in a poll by Telegraph/Savanta ComRes conducted before the debate between the two party leaders on Tuesday
- Almost one in five Labour voters would consider voting for Johnson, according to the same poll cited by the Daily Telegraph. Of those voting for Corbyn in 2017, 17% would now think about supporting the Tories, it reported
- Here’s a summary of recent polls
Catching Up:
- Boris Johnson blurted out plans for a major tax cut that’s due to be announced in the Tory manifesto Sunday
- Prince Andrew stepped down from public duties four days after a disastrous interview in which he tried to defend his friendship with financier Jeffrey Epstein, who died in jail facing charges of sex trafficking
- The Liberal Democrats unveiled their manifesto. Seeking to appeal to younger pro-European Union voters, it promised a “remain bonus” of 50 billion pounds
- The Conservatives set out to confront opponents with their digital strategy, the Financial Times reports
- Labour is set to unveil a windfall tax on oil companies, according to the BBC
The Markets:
- The pound was trading little changed at $1.2930 at 6:30 a.m. in London and close to a six-month high against the Euro.
- The likelihood of a Tory majority dropped marginally on Wednesday, but remains the most likely result, according to betting markets. Betfair exchange gives the Tories a 64% chance of a majority, down from 65% immediately after Tuesday’s debate. There is a 2% chance of a Labour majority.
--With assistance from Peter Flanagan.
To contact the reporter on this story: Jessica Shankleman in London at jshankleman@bloomberg.net
To contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Guy Collins, Chris Kay
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