Jeremy Corbyn will lay out plans to take parts of Britain’s energy industry back into public ownership alongside the railways and Royal Mail in a radical manifesto that will also promise an annual injection of £6bn for the NHS and £1.6bn for social care.
A draft document drawn up by the leadership will also pledge a phased abolition of tuition fees, a dramatic boost in finance for childcare, and scrapping the bedroom tax, the Guardian has learned.
Sources say that Corbyn wants to promise a “transformational programme” with a package covering the NHS, education, housing and jobs as well as industrial intervention and sweeping nationalisation.
One central promise will be to build 100,000 new council houses a year and alongside a policy to ban fracking.
The manifesto claims that the policies will be fully costed with tax rises for those earning over £80,000 – although full details are not included. There will also be a reversal of corporation and inheritance tax cuts.
Excerpts seen by the Guardian says the party will “take energy back into public ownership to deliver renewable energy, affordability for consumers and democratic control”. It includes plans for a public owned energy company in every region of the UK. The manifesto will include a 20:1 pay cap for businesses that have public contracts.
There is also a promise to review decisions on welfare cuts, although not necessarily reverse them. A ministry of labour will oversee a new raft of reforms on workers’ rights and planned hikes in the pension age beyond 66 will not go ahead.