Labour launched its manifesto at a rally in Birmingham on Thursday, promising “radical” change for voters in return for their backing on December 12. The party has sought to distance itself from its often confusing Brexit stance since the election was called and is instead focusing on pledges to spend billions of pounds if it gets into government. But analysts have identified seven key policies put forward by Mr Corbyn which could have a significant impact on the middle class.
The socialist wants to push up the level of capital gains tax (CGT) on the sale of second homes.
This could mean the level of tax paid on gains from a sale could double depending on the owner’s income tax rate.
And the party’s proposal to align CGT with income tax rates would lead to people’s shares being taxed more heavily.
Jeremy Corbyn's 'radical' tax policies are set to hit the middle class hard (Image: GETTY)
Mr Corbyn has vowed to slap VAT on private school tuition fees (Image: GETTY)
Mr Corbyn also wants to impose VAT on private school tuition fees.
His plan could mean up to 135,000 children currently being educated at private schools would be forced into state schools.
Labour also wants to bring the 45 percent income tax threshold down from £150,000 to £80,000.
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Mr Corbyn has vowed to go after the bankers and