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Labour will pledge to re-nationalise Britain’s energy industry, railways and Royal Mail in its most left-wing election manifesto in a generation.

The Mirror has obtained a leaked version of the party’s entire draft manifesto, containing landmark promises of £6billion-a-year extra for the NHS and £1.6billion-a-year for social care.

University tuition fees will be abolished entirely, and town halls ordered to build 100,000 new council houses a year under a new Department for Housing.

Thousands of homes will be offered to rough sleepers, and private rent hikes capped at inflation.

Meanwhile a new Ministry of Labour will oversee the biggest boost to workers’ rights in decades, while planned hikes to the pension age beyond 66 will not go ahead.

(Image: PA) (Image: publicity picture)

It also contains a raft of big ticket measures already announced including £5billion to end the Tory schools cuts, 10,000 extra police officers and a £250billion capital investment programme to upgrade British infrastructure.

In a barnstorming speech to launch his campaign this week Jeremy Corbyn said his manifesto would “transform” Britain.

“It doesn’t have to be like this," he told supporters in Manchester on Tuesday.

“We can transform Britain into a country that - instead of being run for the rich - is a one where everyone can lead richer lives.”

He went on: “We’re drawing a line. Three decades of privatisation – from energy and rail to health and social care – has made some people very rich. But it has not delivered richer lives for the majority.

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“In the coming days, we will be setting out our plan to transform Britain – with an upgraded economy run for the many not the few.”

Overall the draft manifesto, still being finalised by party chiefs and not due to be published until next week, makes huge spending commitments to boost Britain’s crumbling public services.

But Labour insists every measure is fully costed - and the manifesto includes a firm commitment to get rid of the deficit and balance Britain’s day-to-day budget by the end of the next Parliament.

The vast spending plans – totalling tens of billions of pounds – will be almost entirely funded by new taxes for big corporations and rich individuals, the manifesto suggests.

Around £20billion-a-year will be raised by reversing the huge cuts to corporation tax introduced by the Tories since 2010.

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There will be a further levy on firms “with high numbers of staff on very high pay” and a previously-announced tax on private health firms.

And new income taxes will be slapped on rich workers earning more than £80,000-a-year. For the other 95% of workers there will be no tax rises at all.

The £6billion raised by the rich-earners' tax hike will be ploughed directly into Britain's ailing NHS, to relieve the strain on doctors and nurses and ensure waiting time targets can once more be met.

Among other eye-catching measures not yet announced is a pledge to “take energy back into public ownership” after almost 30 years of private firms charging rip-off bills.

While the existing energy companies will be allowed to continue, a new publicly-owned competitor firm will be established in every region of the UK.

The manifesto says these new start-up nationalised firms will use all their profits to cut tariffs and fight to end fuel poverty – so forcing the Big Six to cut their own prices.

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It suggests the Labour Government will also take full control over the National Grid and the “policy functions” of regulator Ofgem.

The draft manifesto also pledges to bring the Royal Mail back into public ownership following the “historic mistake” of the Coalition Government to sell it off.

Publicly-owned bus companies will be established, and railways re-nationalised as each private franchise expires with a pledge “to repeal the Railways Act 1993 under which the Conservatives privatised our railways.”

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Labour will then freeze rail fares, bring back conductors on driver-only trains and promise free wifi and good mobile reception across the network.

Other hated Tory laws to be repealed including the Health and Social Care Act 2012, which opened up the NHS to more privatisation, and the Trade Union Act 2016 which clamped down on workers' rights.

Last night a source close to Mr Corbyn stressed Labour’s public ownership plans were “nuanced” and would not involve the mass nationalisation of private firms.

And they highlighted the misery people have faced since the sell-offs of the energy, rail and post industries.

Price rises from the big-six energy companies have led to millions of people over-paying for gas and electricity.

Three of the biggest firms - NPower, E.ON and EDF - have announced price increases of just under 10% on dual-fuel standard variable tariffs this year, adding about £100 a year to customers’ bills.

And even adjusting for inflation, rail fares have gone up by around a quarter since the mid-1990s - with some tickets going up by 40% in the last ten years.

This year alone, rail companies increased fares by an average of 2.3% across the country.

Meanwhile taxpayers lost out about £1bn when Royal Mail was privatised because the government undervalued the company’s, worth according to the Commons Business select committee.

One of the biggest ticket items in the draft manifesto is the total abolition of the university tuition fees introduced by Tony Blair in 2003 and then trebled under the Coalition Government.

(Image: Getty Images Europe)

Mr Corbyn had called for their abolition during his leadership campaign of 2015, and a video emerged yesterday of shadow chancellor John McDonnell vowing to scrap the fees.

The draft manifesto states: “University tuition is free in many northern European countries, and under a Labour Government it will be free in Britain too.”

Mr Corbyn has previously suggested the measure would cost £7billion and could be funded through higher corporation tax.

There will also be £1billion invested in culture and the arts, and the mass reversal of many of the cruel welfare cuts of the past seven years of Tory rule.

They include the Bedroom Tax, the cruel £30-a-week cut to disability benefits, the end of "punitive" sanctions" and work assessments and a review of the looming cuts to Universal Credit.

(Image: Getty Images Europe)

There are also dozens of pledges to boost workers' and trade union rights, including the doubling of paternity leave on increased pay; a right to a contract for those working 12 hours a week or more; and an assumption that workers are employees unless a firm can prove otherwise.

The draft manifesto also pledges Labour support for nuclear power and the renewal of the Trident nuclear defence system, despite Mr Corbyn's own long-standing opposition.

But in a reflection of the leader's own views it adds: “Any Prime Minister should be extremely cautious about ordering the use of weapons of mass destruction which would result in the indiscriminate killing of millions of innocent civilians.”

The manifesto does not take a tough line on immigration numbers, insisting Labour will make “no false promises” as the Tories have done.

Instead it states “our economy needs migrant workers to keep going” and vows to abandon rules which stop British citizens from bringing in spouses from outside Europe unless they earn £18,600-a-year.

That 'minimum income threshold' will be dropped, and replaced with a new obligation to live in Britain without relying on public funds or benefits.

Instead it vows to crack down on bosses to try to undercut wages with migrant workers or recruit exclusively from abroad.

Overall the manifesto will delight Labour left-wingers who have spent decades calling for the party to be more radical.

But it was strongly criticised last night by a source from the right of the party who has read it in full.

The source said: “Is that it? For 40 years the Hard Left wanted to control the Labour manifesto, and all it amounts to is a load of freebies for every special interest group.

“It's all concern for the 'feckless poor' and nothing for the hard-working majority.”

A Labour spokesman said: “We do not comment on leaks. We will be announcing our policies in our manifesto next week.

“Our manifesto will set out our plans to transform Britain for the many, not the few.”

A source added: “We think the policies will be very much welcomed. Our manifesto will transform Britain and will be incredibly popular.”