9am Lowdown: Labour manifesto launch

Share this content

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.

* * *

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.

* * *

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


    Please login or register to join the discussion.

    16th May 2017 10:28

    So, rather than a choice, can we not just have a strong and stable, radical and responsible government?

    Thanks (1)
    By DJKL
    16th May 2017 12:01

    You need to also fit in "for the many not the few"

    Really good word choice here by Labour, few is a word that resonates throughout British and English history.

    Whilst usually "the few" are the good guys and Labour is here using them as the bad guys, it still resonates -one of the better Labour tag lines.

    "Never was so much owed by so many to so few"


    "We few, we happy few, we band of brothers;
    For he to-day that sheds his blood with me
    Shall be my brother; be he ne'er so vile,
    This day shall gentle his condition;
    And gentlemen in England now a-bed
    Shall think themselves accurs'd they were not here,
    And hold their manhoods cheap whiles any speaks
    That fought with us upon Saint Crispin's day."

    I still think Conservatives are romping to the finish line, safe in the knowledge that "strong and stable", however vacuous its repetition has become, will likely be enough, and I also believe Labour are still on Mission Impossible; this party will self destruct in five seconds,but at least they are trying to go down fighting

    The Conservatives currently remind me of those crap concerts when the band did not really want to be there, went through the motions, short encore and off-but still wanted you to spend on the T shirts, for those of a certain age the following may resonate,

    "Ever get the feeling you've been cheated?"

    Thanks (0)