Mr Corbyn said his offer to voters was “radical” and would mean “real change”.
He accused “bankers, billionaires and the establishment” of wanting to thwart his plans, adding: “They don’t own the Labour Party. The people own the Labour Party.”
On Brexit, the Labour leader continued his ambiguous stance and in the questions after the launch, refused to state his position on whether he would campaign to Leave or Remain in a second EU referendum.
But he did say what the party’s plans were, to renegotiate a new Brexit deal that incorporated a close relationship with the EU, which would then be put to a “legally binding” referendum.
Other sweeping changes pledged in the manifesto include lowering the voting age to 16, pledging £75billion to build 150,000 new council and social homes a year and introducing a “real living wage” of at least £10 an hour.
Labour also plan to increase the NHS budget by 4.3 percent on average per year, a rise of 2.3 percent from the current Government.
Mr Corbyn says his plans are “fully costed” and said Labour have calculated it will cost £82.9 billion.
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They have said those earning more than £80,000 a year will be liable for higher income tax.
Instead of paying 40 percent tax, under Labour’s plans workers will have to fork out 45 percent of their wage.
Under current tax brackets, only those who earn over £150,000 a year are taxed 45 percent.
The lower tax bracket of 40 percent affects workers who earn between £50,001 and £150,000.
Labour also plan on increasing taxable incomes of £125,000 or more to be hit with a 50 percent rate.
The IFS have said this will affect 1.6 million people by the next tax year (2021/21), rising to 1.9 million by 2023/24.
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