Corbyn to set out 10-point plan to “transform Britain” ahead of first leadership debate

Jeremy Corbyn will today start to flesh out his plans for £500bn worth of investment, as he reveals a programme to “transform Britain”.

Ahead of the first hustings of the Labour leadership contest in Cardiff tonight, Corbyn will set out 10 policy pledges – including the implementation of a Nation Education Service, which he first revealed on LabourList last year.

The Labour leader will also promise to build half a million council houses and set up a National Investment Bank, backed up by regional development banks, in order to take power away from “Westminster and the City of London”.

In the speech in East London this morning, the Labour leader will also talk about his commitment to ensuring the country has the infrastructure it needs to succeed.

“The prosperity that a few enjoy is not shared by the many,” Corbyn is expected to say. “Our economic model is broken. But there is immense potential in the skills and talents of our people, and huge opportunities ahead of us in science, technology and culture. We could all be living richer lives in a sustainable, more prosperous and more caring society.

“Labour will pledge to rebuild and transform Britain with a bold £500bn programme of investment. We will deliver the transport and communications infrastructure a modern economy needs, not just in those places where the economy already works but right across the whole country.

“We will back this up with new institutions able to deliver the investment our communities so desperately need. A new £250bn National Investment Bank, backed up with a network of regional development banks, will put power to determine their own futures back into the hands of those places outside of Westminster and the City of London.”

Corbyn trailed the speech with a short video released on social media this morning: