(Bloomberg) — Jeremy Corbyn published his Labour Party’s manifesto for government, setting out a package of taxes on business and the wealthy. These include a financial transaction tax; a hike in corporation tax; a windfall tax on oil companies; and higher taxes for the top 5% of earners.As part of Corbyn’s mission to end the era of austerity, Labour set out 83 billion pounds ($107.5 billion) of extra public spending, saying the plans will be paid for in full by the same amount in new tax-raising measures.It’s a key moment in the U.K. election campaign as the opposition leader tries to make up ground in the opinion polls, where he’s lagging 13 points behind Boris Johnson’s Conservatives.For more on the election visit ELEC.Key Developments:Corbyn launches Labour manifesto in Birmingham, calling it “the most radical and ambitious plan to transform our country for decades”Labour’s education spokeswoman Angela Rayner says Corbyn is a problem among some votersJohnson visits east of England to promote Conservative plan for long-term, fixed-rate mortgages to help first-time home buyersChancellor of the Exchequer Sajid Javid says Tory manifesto will be published next week Corbyn Refuses to Commit to Remain or Leave (12:05 p.m.)Pressed by several journalists after his speech, Corbyn refused to commit to whether he personally would rather the U.K. remains in the EU or leaves with a new deal. He is promising a second referendum to settle the Brexit question, if Labour wins the election. Corbyn said politicians had spent “a lot of time discussing Brexit” and revealed that he got a cheer from his colleagues at a meeting of his senior team, when Brexit wasn’t on the agenda.Both remain and leave voters want to see a government challenge the “injustice and inequality they face in their lives,” he said. “Let’s get together on this. The British people will have the final say and our government will carry it out, whatever the result of that vote is.”Labour to Bring in Financial Transactions Tax (12 p.m.)Labour plans to expand on its 2017 financial transaction tax proposals by extending stamp duty reserve tax to forex, interest rate derivatives and commodities trades. The tax will come in at 50% of transaction costs.An exemption will apply to interest rate derivatives under three months’ maturity and for the first 1,000 pounds of forex transactions per day by a market participant. Labour hopes the new taxes will help stop volatile short-term trading and bring in 8.8 billion pounds in 2023-24.Corbyn to Tax Businesses and Rich (11:30 a.m.)The Labour leader said he is ready for a wave of hostility from the rich over his tax plans. Corbyn’s manifesto contains a package of measures to hike taxes on businesses, including a windfall tax on the oil industry and a financial transactions tax which would raise an estimated 8.8 billion pounds in 2023-24.There are also plans to make the rich pay more. Corbyn’s blueprint proposes higher taxes for the top 5% of earners — a tax on earnings over 80,000 pounds ($103,500) a year — and another tax rate on those earning more than 125,000 pounds a year.For businesses, the manifesto includes a 1% increase in the corporation tax rate from April, and a windfall tax on oil companies. The manifesto said: “Whenever public money is invested in an energy generation project, the public sector will take a stake and return profits to the public.”Corporation tax would rise in increments to 21% in 2020, 24% in 2021 and 26% in 2022, the manifesto said.Corbyn Promises Raft of Nationalizations (11:25 a.m.)Corbyn committed to bringing key industries back into public ownership. Labour will also give local councils the chance to take back control of bus services. Where councils choose to take control, Labour will introduce free bus travel for under-25s, the party said.“I accept the hostility of the privatized utility companies, because we will stop their great rip-off by bring rail, mail, water and energy into public ownership and running them for the people,” he said. “That is real change.”He then repeated last week’s announcement that the party would nationalize BT Group Plc’s broadband unit to fulfill their pledge to provide free full fiber Internet access to all by 2030.Corbyn Opens With Call Against Elite (11:20 a.m.)Jeremy Corbyn launched his Labour Party’s election manifesto with an attack on the rich and big business, pitching himself as being on the side of ordinary voters, against wealthy people who he said exploit them.At a university in Birmingham, central England, Corbyn said powerful “vested interests” in the country opposed him, because “they know we mean what we say. They know we will go after the tax dodgers, the bad bosses, the big polluters.”“Labour’s manifesto is a manifesto for hope,” he said. “It’s a manifesto full of real change, a manifesto that will bring popular policies which the political establishment have blocked for a generation.”SNP’s Salmond Denies Sexual Assaults (10.25 a.m.)Former leader of the Scottish National Party Alex Salmond insisted he’s innocent of a charge of sexual assault with intent to rape, a further ten charges of sexual assault and two of indecent assault between 2008-2014, while he was Scotland’s first minister.“I’m innocent and I will defend my position vigorously,” Salmond told reporters outside Edinburgh’s high court where a preliminary hearing was held Thursday. The trial begins on March 9, 2020. The SNP are hoping to win big on Dec. 12 to give their independence campaign a boost.Javid Hints at Continued Freeze on Fuel Duty (9 a.m.)Chancellor of the Exchequer Sajid Javid indicated a freeze on fuel duty will be extended if the Conservatives win a majority majority on Dec. 12.In an interview with Sky News, Javid cited the freeze over the Tories’ nine years in government as a key measure to help working families. “To help people with the cost of living there’s action that’s needed on a number of fronts, and tax cuts is one of them,” Javid said. “We need action on many fronts, that’s why we’ve frozen fuel duty for nine years.”During his media round on Thursday, Javid also defended Prime Minister Boris Johnson’s inaccurate use of numbers to describe his Tory party’s biggest election tax-cut pledge so far: raising the earnings threshold at which workers are required to start paying National Insurance contributions.“The prime minister was asked a question, he’s given an answer and then we’ve set out the detail,” Javid told the BBC.Rayner: Corbyn a Problem With Some Voters (Earlier)Labour leader Jeremy Corbyn is a problem for some voters, but not as big an issue as the leaders on the right wing of politics, Labour’s education spokeswoman Angela Rayner said.“There have been some reservations about Jeremy on the doorstep because every leader of every political party is not everyone’s taste,” Rayner told Sky News. “I don’t think it’s anywhere near as big a problem as Boris Johnson, Nigel Farage and Donald Trump are for the right.”Corbyn’s personal ratings are stubbornly low, and Labour activists and lawmakers have warned that he could cost them votes — particularly in battleground areas of northern England. Rayner said the party’s manifesto will win support.“Our manifesto is radical and it’s what Labour do when we’re in power, we rebuild our country,” she said. “It’s a policy platform that we’re really proud to present for Britain.”Earlier:Corbyn Unveils Manifesto to Rile U.K.’s Bankers and BillionairesA Tory Election Win Is All the Market Can See: Trading BrexitBoris Johnson Is Getting a Free Pass on Brexit: Therese Raphael–With assistance from Jessica Shankleman, Kitty Donaldson, Thomas Penny and Andrew Atkinson.To contact the reporters on this story: Robert Hutton in London at rhutton1@bloomberg.net;Greg Ritchie in London at gritchie10@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Stuart BiggsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.