Labour leader Jeremy Corbyn has promised to overturn the current tax system 'set up by the wealth extractors for the wealth extractors' in his first campaign speech towards the 2017 General Election.
Corbyn (pictured) said an elected Labour government would not play by "yesterday's rules set by a corporate elite" as he criticised the current Conservative government for safeguarding a "Britain run by the elite, the city and the tax dodgers".
The Labour leader promised a clamp down on the "cosy cartels" that , he said, were hoarding the country's wealth for themselves.
More specifically, he referred to a corporate elite "who hide funds in the Cayman Islands" that the Conservative party were "too scared" to confront.
Corbyn promised to take wealth hidden in tax havens and "put it back in the hands of the people". He said: "Labour will end this racket and make sure everyone pays their taxes."
His speech was the first in Labour's election campaign, which started today. On Tuesday Prime Minister Theresa May had called for a snap General Election on 8 June, which was approved by MPs on Wednesday.
Corbyn dismissed the view held by some commentators that a Conservative victory in the upcoming election was a foregone conclusion.
He said Conservative Party leader May would use this election to consolidate power ahead of ongoing Brexit negotiations but neglect "the issues that affect people every day." Instead, Labour pledged to tackle elderly poverty and introduce a £10 living wage.
Another Brexit referendum
However, Corbyn refused to say whether there would be a pledge for a second Brexit referendum in Labour's forthcoming manifesto, in response to journalists' questions following his speech.
A Labour Party spokesman had also told the Daily Mirror: "Our position hasn't changed and we have laid out our six tests for any Brexit deal. We have consistently demanded a meaningful vote in Parliament and as the government, will bring the deal we negotiate to Parliament before it is finalised to ensure democratic accountability."
The party's policies, including those on Brexit, will be laid out in further detail in Labour's manifesto in the coming weeks.
Tax rises ahead?
The Labour leader also positioned himself against making cuts to corporation tax as mulled by the Conservative government.
Corbyn said: "At the very, very top end we won't be cutting corporation tax, which is what the Tory government have been doing and we won't be giving back £70bn to the biggest businesses, corporations and the very wealthy.
"The Conservative government has got us into more debt than the all of the Labour governments in British history combined in order to cut services and allow tax giveaways to the very top end."
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