Jeremy Corbyn has won the Labour leadership election by a landslide. He received 59% support on the first vote. So what does this mean for the Labour Party? How will he lead? What has Labour voted for? Here are some of his most important policies that he would seek to implement should Labour win the General Election in 2020.
• Wants “political and not military solutions” to secure peace.
• Withdraw from NATO.
• Opposes air-strikes in Iraq and Syria against Islamic State.
• Desires UK to remain within the EU, but wants a “better Europe”. Suspected he’s got mixed feelings on Europe, and less pro-Europe than many colleagues.
• Abolish Trident and move towards disarmament. He says “A secure world is not created by an arms race, and it is not created by creating more and more threats”.
• Critical of the excessively high 2% of GDP the Conservatives wish to spend on defence.
• End austerity.
• Higher taxes for higher earners.
• Crackdown on tax avoidance and tax evasion.
• Protection for those on welfare.
• Would launch ‘People’s Quantitative Easing’, which would allow the Bank of England to print money. This would be for “new large scale housing, energy, transport and digital projects”.
• Re-nationalise the Royal Bank of Scotland.
• Would consider introducing a maximum wage in order to cap the pay of top executives.
• Re-nationalise the railway network.
• Scrap Private Finance Initiative (PFI) schemes within the NHS by buying them out using government money.
• Create a National Education Service similar to the NHS. It would be a lifelong service starting with universal childcare and ending with minimum wage for apprentices or funds for mature students.
• Abolishment of tuition fees to be replaced with grants.
• End private schools’ charitable status.
• Caps on rent.
• Extend the right to buy scheme to those living in privately-rented accommodation.
• New large scales housing project.
• All energy companies to be re-nationalised.
• Re-open coal mines.
• Suspend fracking, which he believes is “dangerous to the environment”.