Thread by @faisalislam

LAbour manifesto launches promising a "Green Industrial Revolution", bringing energy as well as mail, rail and water into public ownership... national grid and "supply arms of Big Six"

LAbour plan £83 billion a year of extra revenue and extra spending per year by 2023/24

... labour.org.uk/wp-content/upl…

"investment blitz" promises Corbyn re capital spend - "investment as you've never seen before" he says

On Brexit, manifesto says: "We will introduce a Withdrawal
Agreement and Referendum Bill,
providing the legal basis to conduct
and implement the outcome of the
referendum.

As I reported, and IFS has worked out - accounting changes re student loan write offs mean that the cost of scrapping tuition fees has fallen substantially from £11bn a year to £7bn a year

Biggest single revenue raiser is the reversal of the corporation tax cuts - £24bn a year from upping main rate to 26% and small profit rate to 21%

As I said - Corbyn on the issue of the manifesto plans under Remain "so far as we are concerned this is all possible".

Capital Gains Tax appears to be being rolled into income tax, under manifesto plans - ie massive increase in what was CGT now taxed at up to 50%. (main residence still exempt). dividends too - Labour says this will raise £14bn a year

currently totting up the Labour spending plans at over £135bn a year - £83bn day to day (though tax rises to cover this) plus at least £55bn on capital - about £700bn over Parliament.
Nationalisations on top.

For reference the equivalent number for LibDems would be about £400bn over Parliament - and my current estimate for Conservatives before we get their manifesto is over £350bn.

LAbour manifesto cuts £4bn of R&D tax credits & the Patent Box which it says goes disproportionately to a small number of multinationals - says such investment can now come from state investment banks - Pharma industry wont be impressed.

Windfall tax not in the Grey book of fiscal numbers??