Conference over!
Have to say and many will take umbrage but if what Corbyn said in his speech plus what Momentum are pushing if Labour use this as their manifesto and they were elected it would be an unmitigated disaster for the country.
To raise CT by 1.5% will mean prices up, inflation up, demand for increased wages and so the viscous circle of the 70s and 80s will return.
Add to that with the repeal of the Trade Union Act the country will be back to the free for all car park voting!
Unemployment will rise.
With the increase in CT this could well be the tipping point for banking and large manufacturing companies to relocate to mainland Europe and unemployment jumping way up and the tax revenues falling.
The 500 billion, to be from tax rises and borrowing so another viscous circle commences. How will it be repaid? Over how long? in addition to the budget deficit. We would be in a worst state than in 2008!
Said to be for infrastructure, okay what infrastructure? if it is for road, railways these are just short term employment jobs. What is needed is manufacturing jobs that go on for years. We need to attract business and this manifesto will scare them away.
As for the minimum wage increase to £10 per hour, the Tories were going for £9 per hour anyway. So little difference but £10 could well push people into tax/NI deductions so would be self defeating. Also small business have indicated they would have to put prices up or cut jobs! So Labour say we will give you a subsidy - more public money. To administer this will require some 200 more civil servants, at what cost? Be far better to drop it and employ 20 more nurses!!
Then immigration, none of them seem to have a clue, Corbyn looking at unlim,ted immigration and subsidies for those areas where the figures will be high, others saying it must be controlled. What a mess.
Now ban arm sales to countries with poor HR, which means reduced profits, less tax, unemployment up and finally perhaps some business packing up and shipping out! Meanwhile other counties will jump in and say thank you very much. Another piece of idiocy from Corbyn! The way to change countries and their HR is to talk.
Still wants rid of Trident, keep it of the manifesto but if elected then do it and screw the thousands of jobs depending on it. Same short blinkered approach to fracking.
There are more points but I shall leave it at that and say welcome to the New Old Labour.