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Labour launched its manifesto this morning promising a string of eye-catching policies including scrapping tuition fees and re-nationalising railways.

Labour's dramatic public spending plans will cost nearly £50bn-a year, the party revealed today.

But every penny of the £48.6bn annual cost of Labour's left-wing manifesto is costed through tax hikes for the rich, the manifesto says.

But how much are the big ticket pledges going to cost - and how do the Labour party plan to pay for it?

Here's a quick roundup of the numbers.

What are the big costs in the manifesto?

Scrapping tuition fees and restoring maintenance grants: £11.2bn

Investment in schools: £6.3bn

Universal childcare: 5.3bn

NHS investment: £5bn

Scrapping public sector pay cap: £4bn

Extra money for social care: £2bn

How will they pay for it - and how will my taxes change?

(Image: AFP)

Corporation tax

Almost half of this huge public investment programme will be funded by reversing the Tory cuts to corporation tax paid by the biggest firms.

Bringing the rate back up to 26% will raise £19.4bn a year, the party said today.

Income tax

Anyone earning more than £80,000-a-year will see their income tax rate hikes from 40p to 45p in the pound, documents released alongside the manifesto show

And anyone earning more the £123,000-a-year will pay a new 50p rate of tax

Nobody earning less than £80,000-a-year - which accounts for 95% of earners - will pay a penny more in tax under Labour plans, the manifesto states

These new taxes will raise £6.4bn

If you earn £100,000 a year, you'll pay an extra £1,000 a year £19.23 a week IFS/HMRC If you earn £150,000 a year you'll pay an extra £5425 a year £104 a week IFS/HMRC If you earn less than £80,000 a year you'll pay an extra £0 a year £0 a week IFS/HMRC

VAT and National Insurance

Jeremy Corbyn explicitly ruled out raising VAT or National Insurance

The 'Fat Cat Tax'

A new "excessive pay levy" would be charged to firms with employees on more than £330,000 a year

Labour don't say in their documentation what the rate would be - but they believe it would raise £1.3bn

Clamping down on tax avoidance

Labour vowed to raise £6.5bn from a clampdown on tax avoidance, and £5.6bn by extending stamp duty taxes to some City transactions

from a clampdown on tax avoidance, and by extending stamp duty taxes to some City transactions Rolling back corporate tax reliefs will raise another £3.8bn -a-year, and reversing Tory cuts to capital gains tax, inheritance tax and the married couples allowance will raise £3.7bn

-a-year, and reversing Tory cuts to capital gains tax, inheritance tax and the married couples allowance will raise Scrapping the VAT exemption on private school fees will raise £1.6bn

What if their estimates are wrong?