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Video: Labour's general election manifesto launch in 90 seconds


Labour has set out plans for tax rises totaling almost £50 billion to pay for "a fairer, more prosperous society for the many, not just the few".

If it wins the June 8 General Election, the party will lower the threshold for the 45p rate of income tax from £150,000 to £80,000 and introduce a new 50p rate on earnings over £123,000, raising a total of £6.4 billion a year from the top 5% of earners.

Its manifesto outlines pledges to nationalise water, energy, railways and Royal Mail, pump £6 billion a year into schools, £7 billion into health and social care and scrap university tuition fees.

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