Jeremy Corbyn's left-wing Labour manifesto leaked

Jeremy Corbyn will take Britain back to the 1970s by nationalising industries, forcing wage caps on businesses and giving huge power to the unions if he gets into power, a leaked copy of Labour's draft manifesto reveals.

The 43-page document, obtained by the Daily Telegraph, shows that Mr Corbyn plans to nationalise energy, rail and mail and will introduce a 20:1 pay cap for businesses. 

The manifesto says Mr Corbyn is committed to achieving a "nuclear free world" and is "extremely cautious" about using Britain's nuclear deterrent.

The Labour leader will only send the armed forces into combat if "all other options have been exhausted", the copy of the manifesto states.

It also says that Labour will rule out a "no deal" Brexit and refuse to set a migration target, in a move that is likely to drive away its traditional supporters who voted Leave in the EU referendum.

The party will also create a Ministry of Labour to hand more power to trade unions, stating: "We are stronger when we stand together".

Pay bargaining and increased unionisation across the workforce will also be introduced according to the draft plan.

The party will fund its socialist agenda though a huge programme of increased tax and £250billion of borrowing over the next decade with more spending on education and health and big levies on business and industry.

The document is likely to reinforce concerns that Mr Corbyn is soft on defence, law and order and migration.

Critics will also cite it as evidence that Labour plans to “soak the rich” with a huge tax raid on high earners and businesses, in a week when both Mr Corbyn and the shadow chancellor John McDonnell praised the works of Karl Marx.

The draft document, which will be debated and finalised by party officials in London tomorrow, reveals:

- A pledge to nationalise energy firms, railways, bus firms and Royal Mail.

- Income tax hikes for those earning more than £80,000 a year

- Ensuring 60 per cent of the UK's energy comes from renewable sources by 2030

- Fines for businesses that pay their staff high wages and a business levy on profits

- Companies with government contracts would only be allowed to pay their highest earner 20 times more than the lowest

It was leaked to The Telegraph a week ahead of the official publication date and three party sources last night confirmed it is an official draft version, circulated ahead of a key meeting where the final copy will be thrashed out later today.

In it, Mr Corbyn dismisses Theresa May's Brexit pledge that "no deal is better than a bad deal" and promises to protect EU funding across the UK, guarantee worker's rights and drop the Conservative Great Repeal Bill which would allow EU laws to be scrapped.

The Labour leader also refuses to set a target to cut immigration and instead pledges to scrap rules that force migrants to prove they have enough money to live and work in the UK before they are allowed into the country.

The shadow cabinet - Credit: PA
The shadow cabinet Credit: PA

The document, circulated to Labour party officials, union members and the shadow cabinet team, is understood to have been written by Mr Corbyn's communications chief Seumas Milne and Mr Corbyn's top policy adviser Andrew Fisher, who has previously called for Trident to be scrapped and MI5 to be disbanded.

A Labour source warned it is "Ed Miliband's manifesto with hard left hundreds and thousands sprinkled on top".

They added that union leaders have been bought off with special pledges including promises to look again at pensions, scrap driver-only trains and offer an inquiry into the battle of Orgreave during the 1984 miner's strike.

The draft copy also pledges to protect the right to "a nomadic way of life" and support gypsies, travellers and the Roma community.

It includes pledges to increase school and NHS funding, ensure prisons are "a last resort" and to only deploy the armed forces when "all other options have been exhausted".

Prisons, it says, should be a "place of last resort".

But the party is facing a series of rows about its pledges on defence amid concerns from some in the arms industry that a vow in the manifesto to scrap weapons exports to Saudi Arabia will cost jobs.

The leader, who has been staunchly anti-nuclear weapons for his entire political career has previously clashed with his shadow defence secretary Nia Griffiths over whether to include a commitment to renewing the Trident missile system in the party's election document.

The document promises to move towards "a nuclear free world" and while supporting the renewal of the missile system the draft document adds: "But any prime minister should be extremely cautious about ordering the use of weapons of mass destruction which would result in the indiscriminate killing of millions of innocent civilians.”

Labour | Manifestos compared

On business, wage caps for big companies to ensure a ratio of 20:1 between the lowest and highest paid in the public sector and a clampdown on self-employment are also promised.

And companies could also be hit by a plan to fine businesses who pay their staff too much money.

Unpaid internships will be banned, a cap on public sector pay rises will be scrapped and “double pay paternity leave" for the first month will also be introduced.

A Labour spokesman said: "We don't comment on leaks. Our policies will be laid out when we launch our manifesto which is a plan to transform Britain for the many, not the few."

A conservative spokesman said: "This is a total shambles. Jeremy Corbyn's plans to unleash chaos on Britain have been revealed. The commitments in this dossier will rack up tens of billions of extra borrowing for our families and will put  Brexit negotiations put at risk. Jobs will be lost, families will be hit and our economic security damaged for a generation if Jeremy Corbyn and the coalition of chaos are ever let anywhere near the keys to Downing Street."

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