Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1670
    +0.0014 (+0.12%)
     
  • GBP/USD

    1.2487
    -0.0024 (-0.19%)
     
  • Bitcoin GBP

    50,942.55
    -433.56 (-0.84%)
     
  • CMC Crypto 200

    1,325.62
    -70.92 (-5.08%)
     
  • S&P 500

    5,107.10
    +58.68 (+1.16%)
     
  • DOW

    38,282.46
    +196.66 (+0.52%)
     
  • CRUDE OIL

    84.06
    +0.49 (+0.59%)
     
  • GOLD FUTURES

    2,345.40
    +2.90 (+0.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

Labour's Corbyn vows to give Britain a pay rise through taxing the rich

BIRMINGHAM, England, Nov 21 (Reuters) - Britain's opposition Labour Party will fund a pay rise for workers and upgrades to national infrastructure by taxing the rich, party leader Jeremy Corbyn said on Thursday as he unveiled the party's Dec 12. election manifesto.

Corbyn said the manifesto was the most radical and ambitious plan to transform Britain's economy in decades.

"I accept the opposition of the billionaires because we will make those at the top pay their fair share of tax to help fund world class public services for you – that's real change," Corbyn said.

"We will give Britain a pay rise starting with a real living wage of at least 10 pounds an hour." (Reporting by Elizabeth Piper, Kylie MacLellan and Will James, writing by Alistair Smout; editing by Guy Faulconbridge)