The Labour Party will officially launch its election manifesto today. Welcome to the 9am news Lowdown.
Labour manifesto launch
Labour leader Jeremy Corbyn will unveil a "radical and responsible" plan for government in his election manifesto later today.
Ahead of the general election on 8 June Corbyn will pledge to reverse seven years of austerity, but also "manage within our means" and govern "for the many not the few".
Manifesto pledges include an excessive pay levy on salaries above £330,000, more free childcare and the nationalisation of England's 10 water companies.
Labour is the first of the major parties to publish its 2017 election manifesto. Last week a 43-page document was leaked revealing plans to nationalise energy, rail and mail and the introduction of a 20:1 pay cap for businesses.
The party said 95% of people will not see their taxes go up.
Speaking on BBC Breakfast, shadow chancellor John McDonnell said some of the highest earners would have to pay more, but that precise details of any income tax changes would not be revealed until the manifesto's launch at 11am.
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Lib Dems promise £100 a week for entrepreneurs
The Liberal Democrats have promised entrepreneurs an allowance of £100-a-week to help with living costs as part of its election offer for businesses.
According to the BBC those starting an enterprise would get help under the scheme for the first six months, up to a maximum of £2,600.
The start-up allowance scheme will cost £146m over five years.
Leader Tim Farron will launch his business manifesto which includes a review of business rates and access to credit and loans.
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McLaren set for Deloitte partnership
Formula One team McLaren will this week unveil an alliance with Deloitte two years after striking a similar deal with Big Four rival KPMG.
According to Sky News McLaren Applied Technologies (MAT), a subsidiary of McLaren Technology Group, will announce the new venture that will target the delivery of £1bn of annual benefits to the professional services firm's clients by 2022.
The partnership is expected to be launched on Tuesday.
The new partnership is expected to create scores of jobs focused on devising data-generated products for use in industries such as healthcare, retail and transport.
About Robert Lovell
Business and finance journalist