the treasury minister, david gauke said the proposals would damage the economy.lly costed — but do they really add up? the bbc‘s chris morris has been giving the figures a reality check. but where does labour say the money is coming from? well, it estimates an extra tax take of £48.6 billion. let's break that down a little, income tax first. higher earners will pay more, and we're talking about roughly the top 5% of earners. and we're talking about roughly we reckon that's about 1.2 million people. earnings above £80,000 will be taxed at 45%. with a new 50% rate on earnings above £123,000. labour says this will raise £6.4 billion per year. but the biggest increase in tax take, according to labour's plans, will come from an increase in corporation tax. it's currently 19% and labour plans to increase that rate to 26% by 2021. 0nce that's done, labour says its corporation tax plans will raise £19.4 billion per year. labour itself acknowledges that companies and individuals change their behaviour when tax rates change, and you also have to take account of the overall

the chief secretary to the treasury, david gauke, has insisted the conservatives are right not to seteving their ambition of reducing annual net migration to the tens of thousands. he told bbc radio 4 the number of people moving to the uk would vary over time, depending on employment prospects. the commitment was announced by the party in their manifesto on thursday. wikileaks founderjulian assange remains in the ecuardorian embassy in london this morning, despite sweden dropping a rape investigation against him without charge. mr assange is trying to avoid extradition to the us, where he's wanted over the leaking of military and diplomatic documents. scotland yard also says he will be arrested if he leaves the embassy for failing to attend court in 2012. home ownership among younger families has fallen by nearly two—thirds in some parts of the uk since 1994, according to new research. the resolution foundation, a think tank focussing on living standards, says outer london, the north—west and parts of yorkshire were most affected. our business correspondent joe lynam has the details.

meanwhile, the chief secretary to the treasury, david gauke, has insisted the conservatives are righte for achieving their ambition of reducing annual net migration to the tens of thousands. the commitment was announced by the party in their manifesto on thursday. mr gauke says it's an aim and has no timetable. earlier, i spoke to our political correspondent. since 2007 when tony blair was correspondent. since 2007 when tony blairwas in correspondent. since 2007 when tony blair was in charge they agreed that trident would be renewed. that has been a commitment every year. in fa ct, been a commitment every year. in fact, last year they agreed it. earlier this week they agreed it. so you would imagine it would be a simple question to the shadow foreign secretary who could be the foreign secretary who could be the foreign secretary who could be the foreign secretary in the weeks. this was put to her and it was asked that presumably we could assume that they programme would be renewed. no, of course not. therefore, it is possible thatjeremy corbyn could drive through a policy of ditching

meanwhile, the chief secretary to the treasury, david gauke, has insisted the conservatives are righteving their ambition of reducing annual net migration to the tens of thousands. the commitment was announced by the party in their manifesto on thursday. mr gauke says it's an "aim" — and has no timetable. the liberal democrats have launched their new poster — taking a swipe at the prime minister. the party say the poster is a direct attack at the conservative leadership and the closeness between the policies of the prime minister and the former ukip leader nigel farage. with me is the liberal democrat peer, brian paddick. thank you forjoining us. it isn't a very nice poster, is it? it has impact, some people will find it funny, it may appeal to nigel farage's sense of humour but it has a serious message. nigel farage has said that theresa may is using the same words and phrases that he has been using for the last 20 years and that he is delighted by that. they have merged into the same person. what do you think that the traditional lib dem supporters will think, it may not be part of

meanwhile, the chief secretary to the treasury, david gauke, has insisted the conservatives are rightucing annual net migration to the tens of thousands. the commitment was announced by the party in their manifesto on thursday. mr gauke says it's an aim and has no timetable. the political temperature rose yesterday. another example of blue on blue friendly fire, if you like. george osborne said that his former party hadn't got a clue, in an editorial in his paper, when it's going to happen or when —— or the costs a nd going to happen or when —— or the costs and if they do know they are not saying. these questions were put to the chief secretary of the treasury last night on radio 4 last night and this is what he said. treasury last night on radio 4 last night and this is what he saidm is an aim. it doesn't have a timetable and i accept that but they should drive our policy in terms of improving skills so we have a stronger domestic workforce. it should drive our policy in ways of reducing immigration pressures we currently face. he went on to say that it was right there is no deadline

meanwhile, the chief secretary to the treasury, david gauke, has insisted the conservatives are righttimetable for achieving their ambition of reducing annual net migration to the tens of thousands. the commitment was announced by the party in their manifesto on thursday. mr gauke says it's an aim and has no timetable. with me now is our political correspondent, mark lobel. let's deal with this falling out among labour's top team over trident. i thought that issue was settled. indeed the first bout of friendly fire, on both sides of the political spectrum this morning, that we will discuss. you thought that we will discuss. you thought that because since 2007, when tony blair was that because since 2007, when tony blairwas in that because since 2007, when tony blair was in charge of the labour party, they agreed the policy, that trident would be renewed. the nuclear deterrent will be renewed. that has been a commitment, every year, they've agreed. last year, in a policy forum, they agreed it. earlier this week, in the manifesto, they agreed it. you'd imagine it would be quite a simple

the chief secretary to the treasury, david gauke, has insisted the conservatives are right not to seto a, the number of people moving to the uk would vary over time, depending on employment prospects. the commitment was announced by the party in their manifesto on thursday. iranian state television is reporting hassan rouhani has been re—elected as the country's president. more than 50 percent of the ballots have now been counted, with president rouhani reportedly securing 22.8 million votes — which would be a comfortable victory over his closest rival. polling stations were forced to remain open for longer than planned after a higher than expected turnout of around 70—percent. wikileaks founder, julian assange remains in the ecuardorian embassy in london this morning, despite sweden dropping a rape investigation against him without charge. mr assange is trying to avoid extradition to the us where he's wanted over the leaking of military and diplomatic documents. scotland yard also says he will be arrested if he leaves the embassy, for failing to attend court in 2012. home ownership a

david gauke, the treasury minister.m contains a number of tax proposals which are likely to damage thend feed through into fitting wages. the reality is that the people who will pay the price for the pledges we have heard today from the labour party are ordinary working families. they will see their taxes rise, that is the only way the sums can add up under what we have heard today. let's talk then to norman smith. radical and ambitious manifesto. what about the way it is costed, thatis what about the way it is costed, that is what people will be asking, can they afford what they are promising? that is the key question, we knew thatjeremy corbyn would put down a whole range of very substantial policy measures, which we re substantial policy measures, which were going to cost a lot of money, the big issue today, whetherjeremy corbyn has managed to convince voters that these policies are credible and affordable and he knows where the money is going to come from. to try to allay those concerns, labour published a separate document, setting out their financial plans, and that details the c