U.K. Labour Party Vows to Raise $62 Billion by Taxing Rich
- Opposition to raise tax on income, corporations, transactions
- Corbyn promises increased spending on health and education
Corbyn Unveils U.K. Labour's Election Manifesto
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U.K. Labour Party leader Jeremy Corbyn pledged to raise 48.6 billion pounds ($62 billion) in taxes on businesses and the wealthy to pour more money into health, education and infrastructure.
The main opposition party’s 128-page manifesto for the June 8 election promises 37 billion pounds of funding for the National Health Service, the abolition of university tuition fees and the establishment of a National Investment Bank to lend 250 billion pounds over the next decade.