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A draft of Labour's general election manifesto has been leaked, showing what the party intends to do if it comes to power.

The manifesto pledges to nationalise key industries and reverse years of austerity.

Across 43 pages, it sets out plans to take the energy industry, railways, buses and the Royal Mail back under public control.

It commits Labour to scrapping tuition fees in England, boosting workers' rights and reversing a series of benefits cuts.

The manifesto was due to be finalised at a meeting today before being launched next week. But this leak sees details released a week early.

These are the key points

No income tax rises for those earning below £80,000 a year

More tax for large corporations and top 5% earners

Energy market, railways, buses and the Royal Mail back under public control

Creation of at least one publicly owned energy company in every region of the UK

Tuition fees abolished in England and maintenance grants reintroduced for university students

More than £6 billion extra annual funding for the NHS

Accept the EU referendum result but retain benefits of single market and customs union

Move towards creation of a National Care Service and invest £8 billion in care services

Creation of a Ministry of Labour to deliver investment in enforcing workers' rights

Zero hours contracts banned

Minimum wage brought into line with living wage - to at least £10 by 2020

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Labour says its manifesto will be fully costed. To pay for the policy pledges, it has already announced plans to hike corporation tax to 26% by 2022, bringing in an extra £20 billion for the Exchequer, and indicated that people earning more than £80,000 will face tax rises.

But the manifesto indicates a further levy on firms "with high numbers of staff on very high pay".

(Image: Getty Images)

Welsh Labour distanced itself from the leaked draft. It held its own 45-minute general election launch earlier this week, during which it also unveiled a series of pledges, many of which have nothing directly to do with the general election. During that launch, Jeremy Corbyn's name wasn't mentioned.

A Welsh Labour spokesperson said: “Reports of leaked manifestos relate to an old, draft version of a UK document. It is not Welsh Labour’s manifesto and contains many England-only proposals. Welsh Labour will be publishing its own distinct manifesto, building on the success of our five pledges for Wales.

“Welsh Labour takes a responsible approach to finance – we have made tough, but fair spending decisions throughout the last decade of shrinking budgets.

“Were a new Labour Government in Westminster to reverse the years of damaging Tory cuts, and once again invests in vital public services, we would undertake a spending review with a view to allocating any Welsh consequential funding to our key priority areas – creating jobs, investing in the NHS and maintaining the new momentum in education.

“One of the most important tenets of devolved politics, is the right for the Welsh Labour Government to make decisions, set priorities and spend money based on the needs of the people of Wales.”

A spokesman for Mr Corbyn said: "We do not comment on leaks. We will announce our policies in our manifesto, which is our plan to transform Britain for the many, not the few."

The final version of the pitch to voters will be have to be approved by around 80 Labour figures.

A Conservative spokesman said: "This is a total shambles. Jeremy Corbyn's plans to unleash chaos on Britain have been revealed.

"The commitments in this dossier will rack up tens of billions of extra borrowing for our families and will put Brexit negotiations at risk. Jobs will be lost, families will be hit and our economic security damaged for a generation if Jeremy Corbyn and the coalition of chaos are ever let anywhere near the keys to Downing Street."

The plans in detail

RAIL

Railways brought back into public ownership as franchises expire

Under public ownership fares will be frozen, driver-only operation ended and free WiFi introduced across the network

HS2 will be completed and will link with a "Crossrail of the North"

ENERGY

Energy market partially brought back into public ownership

Creation of at least one publicly owned energy company in every region of the UK

Central government control of the grid and distribution

Cap average household dual fuel bills at £1,000 a year

Ban fracking

HIGHER EDUCATION

Tuition fees abolished and maintenance grants reintroduced for university students.

BREXIT

Labour "accepts the referendum result" and intends to build a close new relationship with Europe "not as members but as partners"

Retain benefits of single market and customs union

Immediately guarantee existing rights of EU nationals living in Britain and secure reciprocal rights for UK citizens living in another EU country

No "no deal" option at the end of Article 50 negotiations, with "transitional arrangements" negotiated instead to avoid cliff-edge

Scrap Great Repeal Bill and replace with EU Rights and Protections Bill.

IMMIGRATION

Labour "believes in fair rules and reasonable management of migration" and will not make "false promises" on numbers

Income thresholds for family members replaced with an obligation to "survive without recourse to public funds"

Creation of a Migrant Impact Fund to support public services in host communities. It will be funded by visa levies and a contributory element from residence visas for high net worth individuals

HEALTH

More than £6 billion extra annual funding for the NHS through increased income tax for top 5% earners, increased tax on private medical insurance and halving management consultants' fees

Mental health budgets ring-fenced

Pay cap scrapped

EU NHS workers' rights immediately protected

NHS Sustainability and Transformation Plans halted

Creation of a new "quality, safety and excellence regulator" called NHS Excellence

CARE

Move towards creation of a National Care Service

Investment of £8 billion in services over the next parliament, including £1 billion in the first year

Improve conditions for care workers

15-minute care visits scrapped

Carer's Allowance increased to be in line with Jobseeker's Allowance

WORKERS' RIGHTS

Creation of a Ministry of Labour to deliver investment in enforcing workers' rights

Repeal Trade Union Act and introduce "sectoral collective bargaining" through unions

Zero hours contracts outlawed

Unpaid internships banned

Employers stopped from only recruiting from overseas

Bring minimum wage in line with living wage - at least £10 by 2020

Rights for all workers to have access to trade union

Paternity leave doubled to four weeks and paternity pay increased

Protections for women on maternity leave strengthened

Four new public holidays to mark patron saints' days

Public inquiry into blacklisting

EXECUTIVE PAY

A 20:1 limit on gap between the lowest and highest paid workers in companies given Government contracts

Reduce pay inequality through legislation by introducing an "excessive pay levy" on companies with high numbers of staff on high pay

TAXATION

No income tax rises for those earning below £80,000 a year

Large corporations will pay "a little more" tax while remaining competitive with cash paying for education and skills budgets

Extra powers for HMRC to chase individuals and companies who avoid tax

PENSIONERS

"Triple lock" guaranteed throughout next parliament or kept to at least 2.5%

Winter fuel allowance and free bus passes kept as universal benefits

Compensation for women born in 50s who had state pension age changed without fair notification

HOUSING

Invest to build one million new homes, including 100,000 council and housing association homes by the end of next parliament

Rent rises capped to inflation and legal minimum standards in properties for rent

4,000 homes for people with history of rough sleeping

WELFARE

Scrap bedroom tax and reinstate housing benefit for under-21s

Review cuts to Universal Credit and limits on payments to first two children of families

INFRASTRUCTURE

Borrow to invest £250 billion over 10 years on energy, transport and digital infrastructure

Improve 4G mobile coverage and invest to bring uninterrupted 5G to all urban areas, major roads and railways

DEMOCRACY

Lower voting age to 16

DEFENCE

Support the renewal of Trident

Keep defence spending as 2% of GDP

CRIME