Speaking to shadow cabinet ministers, party activists, and journalists at the Co-op HQ in Manchester, Sir Keir stated, “We don’t have a magic wand… but what this manifesto represents is a credible, long-term plan.”
He continued, “Today we can turn the page. Today, we can lay a new foundation of stability. And on that foundation, we can start to rebuild Britain.”
The manifesto also revealed Labour’s plan to raise approximately £7.3 billion in revenue from taxes, as confirmed in its costings document.
According to its calculations, about £5.2 billion would come from closing the non-dom loophole and cracking down on tax avoidance, with £1.5 billion from VAT and business rates on private schools.
The rest would come from closing the carried interest tax loophole and increasing stamp duty on residential property purchases by non-UK residents by one percent.
The Labour leader also committed to keeping government spending under control, ensuring “day-to-day costs are met by revenues” and that debt decreases as a share of the economy by the fifth year of the forecast.
Keir Starmer also pledged to “end the use of offshore trusts to avoid inheritance tax” and build 1.5 million homes by the end of the next parliament.
