Corbyn Pledges 1 Million Homes and 1 Million Jobs for U.K.

  • Labour leader fighting off attacks from his own lawmakers
  • Says party can win election and that support is ‘very strong’

U.K. opposition leader Jeremy Corbyn said his Labour Party should aim to create 1 million “good-quality jobs” and build 1 million new homes, as he continued his campaign to keep his job in the face of resistance from his lawmakers.

Less than a year after winning the Labour leadership, Corbyn is fighting off a challenge from his former pensions spokesman, Owen Smith, who is supported by most of the parliamentary party. They point to opinion polls like one from YouGov Plc released Wednesday showing Labour with the support of 28 percent of voters, 14 percentage points behind the governing Conservatives.

Corbyn’s message, however, is popular with the Labour Party members who will vote in the coming leadership contest. Speaking in Dagenham, east London, on Thursday, he set out 10 pledges “to transform Britain.” He promised to take railways back into government ownership, curb top executives’ pay and regulate household energy bills.

“Britain has got to shape up, or we will all be left behind,” he said in a speech to supporters. “We will build an economy that works for all, with good jobs in every single part of the country.”

Asked about his difficulties with his parliamentary party, Corbyn said that Labour had more members than at any time in its history, “support for the party is very strong” and it’s in a position to win a general election.

Corbyn and Smith hold the first in a series of nine planned leadership debates in Cardiff, Wales, on Thursday evening. Voting starts later this month, and the winner will be announced Sept. 24

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE