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What is Jeremy Corbyn's programme for government? What is Jeremy Corbyn's programme for government?
(10 days later)
Jeremy Corbyn says he wants a "fundamental shift" in economic policy and for Labour to be a "credible alternative" rather than "Tory light". To those who say he wants to take the party back to the 1980s, he has said he'd go back a decade further, to the 1970s Wilson/Callaghan Labour government.Jeremy Corbyn says he wants a "fundamental shift" in economic policy and for Labour to be a "credible alternative" rather than "Tory light". To those who say he wants to take the party back to the 1980s, he has said he'd go back a decade further, to the 1970s Wilson/Callaghan Labour government.
According to his critics, the Islington North MP's vision for Britain is so left-wing it would make the Labour Party unelectable. But what do we know so far about the policies he would want to bring in if he did win power?According to his critics, the Islington North MP's vision for Britain is so left-wing it would make the Labour Party unelectable. But what do we know so far about the policies he would want to bring in if he did win power?
The economyThe economy
There would be an end to austerity, higher taxes for the rich and protection for people on welfare. The Bank of England would be allowed to print money - People's Quantitative Easing - for "new large scale housing, energy, transport and digital projects". Mr Corbyn says this would create "a million skilled jobs and genuine apprenticeships" with knock-on boosts for the supply chain.There would be an end to austerity, higher taxes for the rich and protection for people on welfare. The Bank of England would be allowed to print money - People's Quantitative Easing - for "new large scale housing, energy, transport and digital projects". Mr Corbyn says this would create "a million skilled jobs and genuine apprenticeships" with knock-on boosts for the supply chain.
Critics, including Labour's current shadow chancellor Chris Leslie, say this would lead to higher inflation and interest rates, with the poorest households paying the price. Mr Leslie also questions Mr Corbyn's claim that £120bn could be recovered from tax avoidance and evasion. Corporation tax would increase under Mr Corbyn. The government would still aim to reduce the deficit, but at a slower rate and through increased investment and higher taxes rather than spending cuts.Critics, including Labour's current shadow chancellor Chris Leslie, say this would lead to higher inflation and interest rates, with the poorest households paying the price. Mr Leslie also questions Mr Corbyn's claim that £120bn could be recovered from tax avoidance and evasion. Corporation tax would increase under Mr Corbyn. The government would still aim to reduce the deficit, but at a slower rate and through increased investment and higher taxes rather than spending cuts.
Foreign policyForeign policy
Mr Corbyn has called for a "radically different international policy", based on "political and not military solutions". In the Middle East, Mr Corbyn says you have to "talk to everybody" to secure peace. He would look to withdraw from Nato and is opposed to air strikes against so-called Islamic State in Iraq and Syria.Mr Corbyn has called for a "radically different international policy", based on "political and not military solutions". In the Middle East, Mr Corbyn says you have to "talk to everybody" to secure peace. He would look to withdraw from Nato and is opposed to air strikes against so-called Islamic State in Iraq and Syria.
The EUThe EU
Mr Corbyn says he supports the UK remaining in the EU, but wants to see "a better Europe". He opposes the Transatlantic Trade and Investment Partnership (TTIP) deal outright. Mr Corbyn says he supports the UK remaining in the EU, but wants to see "a better Europe". He opposes the Transatlantic Trade and Investment Partnership (TTIP) deal outright. He had previously refused to rule out campaigning to leave, and also said he had "mixed feelings" on the issue, leading to criticism from his pro-European rivals.
EducationEducation
A National Education Service, following the NHS model, would be established. State-funded academies and free schools would be forced to return to local authority control. Mr Corbyn would look to end public schools' charitable status, although he accepts this would be complicated and may not happen immediately. Tuition fees would be scrapped, at a cost of £10bn. A National Education Service, following the NHS model, would be established. State-funded academies and free schools would be forced to return to local authority control. Mr Corbyn would look to end public schools' charitable status, although he accepts this would be complicated and may not happen immediately. Tuition fees would be scrapped, at a cost of £10bn, and replaced with grants. His 10-point plan also pledges universal childcare.
HousingHousing
Rent controls in places like central London would be introduced to help families on benefits to pay their rent. Mr Corbyn has also called for the right-to-buy scheme, which allowed tenants in council and social housing to purchase their homes at a discount, to apply to those living in privately-rented accommodation, although it's not quite clear how that would work. Rent controls in places like central London would be introduced to help families on benefits to pay their rent. Mr Corbyn has also called for the right-to-buy scheme, which allowed tenants in council and social housing to purchase their homes at a discount, to apply to those living in privately-rented accommodation, although it's not quite clear how that would work. By 2025, he is promising "decent homes for all in public and private sectors".
DefenceDefence
The UK would not spend 2% of GDP on defence, as pledged by the current government. The Trident nuclear missile system would be scrapped.The UK would not spend 2% of GDP on defence, as pledged by the current government. The Trident nuclear missile system would be scrapped.
The Royal FamilyThe Royal Family
The royals would be safe for the time being. Although he is a committed republican, Mr Corbyn told the New Statesman: "It's not the fight I'm going to fight: it's not the fight I'm interested in."The royals would be safe for the time being. Although he is a committed republican, Mr Corbyn told the New Statesman: "It's not the fight I'm going to fight: it's not the fight I'm interested in."
TransportTransport
Britain's railway network would be renationalised. He is opposed to the HS2 scheme linking London with the north of England, claiming it would turn northern cities into "dormitories for London businesses".Britain's railway network would be renationalised. He is opposed to the HS2 scheme linking London with the north of England, claiming it would turn northern cities into "dormitories for London businesses".
EnergyEnergy
Energy companies would be renationalised. Mr Corbyn has said he would be "much happier" with a "regulated, publicly run service delivering energy supplies". There would be a moratorium on fracking, which Mr Corbyn has called "dangerous to the environment".Energy companies would be renationalised. Mr Corbyn has said he would be "much happier" with a "regulated, publicly run service delivering energy supplies". There would be a moratorium on fracking, which Mr Corbyn has called "dangerous to the environment".
Read more about the Labour leadership contenders: Political reform
Mr Corbyn wants Labour's new increased following to be more involved in the running of the party and has proposed a review of membership fees to make the party more "inclusive". He would ensure half of his shadow cabinet were women.