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Jeremy Corbyn will promise to pump more than £8billion-a-year of Brexit savings into jobs and public services.

In a speech on Labour’s Brexit position, he will say of the Tories: “Labour stands for a different future.

“We will use funds returned from Brussels after Brexit to invest in our public services and jobs of the future, not tax cuts for the richest.”

The UK currently pours £13.1billion-a-year into the EU but gets £4.5billion back in rebates and investment.

(Image: REUTERS)

Our net contribution of £8.6billion is equivalent to 14 new hospitals or an extra 245 schools.

The Labour leader will pour scorn on Foreign Secretary Boris Johnson’s referendum battlebus claim that Brexit could deliver £350million-a- week for the NHS.

He will say: “We’ll give the NHS resources it needs as we will raise tax on those with the broadest shoulders to pay for it – not by making up numbers and parading them on the side of a bus.”

Mr Corbyn will accuse Brexiteer Tories of wanting to turn Britain

“into a deregulated corporate tax haven with low wages, limited rights and cut-price public services”.

He will say that will be “a destructive race to the bottom”, adding: “In or out of the EU we have to deal with the reality of market failure and austerity.”

Theresa May is due to reveal her final negotiating position on Friday following a full Cabinet showdown.

She said that decisions now “will shape this country for a generation”.

She added: “If we get them right, Brexit will be the start of a bright new chapter. Our best days lie ahead.”