:00:00. > :00:15.Here on BBC One it's time for the news where you are.
:00:16. > :00:21.As we've been hearing, the Labour Leader is promising
:00:22. > :00:25.to increase taxes on the rich and on businesses, investing
:00:26. > :00:33.The income tax proposals are likely to have a particular impact
:00:34. > :00:40.Labour are also proposing a financial transaction tax -
:00:41. > :00:44.or the so-called Robin Hood tax - which the London Mayor,
:00:45. > :00:48.Sadiq Khan, has previously described as "madness".
:00:49. > :00:51.So what was his view today of his party's tax plans?
:00:52. > :00:54.Here's our political editor Tim Donovan.
:00:55. > :00:58.A capital city, central to any country's economy,
:00:59. > :01:01.home to major wealth creators, already major payers of tax.
:01:02. > :01:10.Under Labour they would be paying more.
:01:11. > :01:13.In the Square Mile, 80k is not seen as much of a salary,
:01:14. > :01:22.So was there a willingness to hand more of it over?
:01:23. > :01:26.The company, corporation tax, that's fine but the individual person,
:01:27. > :01:29.I don't really think it's fair to be honest.
:01:30. > :01:33.I hate pay willing tax as much as the next person does,
:01:34. > :01:37.I hate getting my wage slip and looking at what has gone out
:01:38. > :01:40.on tax and you see your annualised statement and it is a lot of money
:01:41. > :01:45.but I'd happily pay more tax for the NHS, I really would.
:01:46. > :01:49.London will survive because London is strong
:01:50. > :02:00.Well income tax will go up to 45p for people earning more
:02:01. > :02:07.We estimate that'll affect at least 350,000 people here in the capital.
:02:08. > :02:12.For people earning more than ?123,000, the income tax rate
:02:13. > :02:19.Corporation tax would go up from 19p to 26p,
:02:20. > :02:22.and then there's a tax on every financial transaction,
:02:23. > :02:29.That will certainly have an impact on the City.
:02:30. > :02:32.In Croydon, the average income is ?35,000 a year,
:02:33. > :02:35.so what about people on well over twice this, paying more?
:02:36. > :02:39.There's a supposition that earning ?80,000 in London means that
:02:40. > :02:42.you are rich and if you've got kids and a mortgage to pay,
:02:43. > :02:49.I don't earn that, even if I did I would be happy to pay that.
:02:50. > :02:53.Society needs fixing and it has to be paid for.
:02:54. > :02:56.I think the returns will come in the long term.
:02:57. > :03:00.I wouldn't be happy if it was me, no, probably not.
:03:01. > :03:04.But you are thinking, it might not be.
:03:05. > :03:07.It probably won't affect me, not any time, soon.
:03:08. > :03:10.Rather than the masses struggling, it has to be the few that pays
:03:11. > :03:18.Some people think it'll take London particularly hard because more
:03:19. > :03:26.It will do, the concentration of the wealth.
:03:27. > :03:36.Campaigning in Croydon, the mayor said he hadn't read
:03:37. > :03:40.the manifesto and didn't know its final details.
:03:41. > :03:42.Do you absolutely clear, you, as the Mayor of London,
:03:43. > :03:45.back all these tax-raising measures, even if they do disproportionately
:03:46. > :04:00.What I did say was what I don't want is the Tory extreme hard Brexit...
:04:01. > :04:03.Do you not support all the tax-raising measures?
:04:04. > :04:11.I've given you the key details, 45p on incomes over ?80,000 and 50p
:04:12. > :04:18.You know there's nobody I trust more in the world
:04:19. > :04:29.I would say let me read the manifesto, it is not
:04:30. > :04:34.old-fashioned to want to see the manifesto before
:04:35. > :04:41.I will tell you this, it is clear speaking to business
:04:42. > :04:45.leaders and chief executives and wealth creators in London,
:04:46. > :04:48.the one thing they don't want is a Tory extreme hard Brexit.
:04:49. > :04:52.If there is he a Tory Government that's the one thing they get.
:04:53. > :04:54.So you don't support all the measures in
:04:55. > :05:05.Another pledge is housebuilding, Labour dump says it
:05:06. > :05:12.new homes with 50% of them being social housing.
:05:13. > :05:16.The right-to-buy your council property will be scrapped
:05:17. > :05:23.Our political correspondent Karl Mercer visited one
:05:24. > :05:26.of the cheapest places in the capital to buy.
:05:27. > :05:30.This may be one of the cheapest places in London to buy a house,
:05:31. > :05:34.rents here are also cheaper than in much of the capital
:05:35. > :05:38.but the housing problems here echos in every part of the city.
:05:39. > :05:49.It's the worse thing and it's in Barking.
:05:50. > :06:00.You can't buy a house, I ain't got the money to buy
:06:01. > :06:07.Who's got between ?350,000 and ?470,000 to have a two-bedroomed
:06:08. > :06:14.You are trying to get a council house?
:06:15. > :06:22.I'm currently bidding but I'm not getting anywhere.
:06:23. > :06:26.I'm in the hundreds, it'll probably be two years.
:06:27. > :06:30.Until then I've just got to do what I can do for me and my son.
:06:31. > :06:33.Once upon a time this area was a by-word for public housing.
:06:34. > :06:36.The Queen and I are satisfied that you retain an affectionate
:06:37. > :06:38.recollection of our previous visits to Barking for the opening
:06:39. > :06:41.The Becontree estate took 15 years to build,
:06:42. > :06:44.25,000 homes put here in the '20s and '30s by what was
:06:45. > :06:47.It still stands testament to an age of home building,
:06:48. > :06:50.a reminder of what can be done with public money and will.
:06:51. > :06:54.An old power station site which was built in 1925.
:06:55. > :06:56.Down the road is an idea of what a modern-day
:06:57. > :06:59.Then there is a mix of residential properties that
:07:00. > :07:03.This is Barking Riverside, one day there'll be nearly 11,000
:07:04. > :07:05.homes here but that'll take another 15 years.
:07:06. > :07:07.At the moment 600 a year are going on the site.
:07:08. > :07:11.The project is a joint one between developers and the mayo,r
:07:12. > :07:13.with transport links key to making it work.
:07:14. > :07:16.A new rail line will be put into the area by 2021.
:07:17. > :07:18.The transport link is underpinning this development and in many
:07:19. > :07:20.cases it underpins most large regeneration sites.
:07:21. > :07:22.It's about having connectivity in and out of an area.
:07:23. > :07:24.Julie lives next door to Barking Riverside.
:07:25. > :07:27.She owns her own home but like many in the area,
:07:28. > :07:29.she says she thinks it'll be difficult for her
:07:30. > :07:33.Young people have such little disposable income
:07:34. > :07:35.to save for the deposit and the deposit is so high
:07:36. > :07:38.and far out of their reach I think they almost give
:07:39. > :07:41.They don't - they try to save and don't see
:07:42. > :07:44.they are getting anywhere and they just have one
:07:45. > :07:46.thing that comes along and all their savings are gone.
:07:47. > :07:48.The two main parties are both proimsing a revolution
:07:49. > :07:52.Labour saying the 500,000 homes it has promised to build
:07:53. > :07:54.The Conservatives promising a new generation of social
:07:55. > :07:56.housing in the million homes they've promised.
:07:57. > :07:59.Now they've just got to convince people they'll actually deliver.
:08:00. > :08:01.I think the problem with political parties is, they promise
:08:02. > :08:04.you something but then they probably will never be able to fulfil it.
:08:05. > :08:07.I'm detecting your trust in the politicians is quite low?
:08:08. > :08:10.Our political editor Tim Donovan's here.
:08:11. > :08:13.You spoke to the Mayor, Sadiq Khan earlier, and he said
:08:14. > :08:15.he hadn't had a chance to read the manifesto?
:08:16. > :08:18.They're making very big promises about numbers. I suppose it's fair
:08:19. > :08:20.to say that people can glaze over numerically. Hard to tell the
:08:21. > :08:22.difference there. There are differences emerging. Labour would
:08:23. > :08:24.restore open ended tennancies. They'll be time limited under the
:08:25. > :08:29.Conservatives. They would suspend right to buy, obviously a signature
:08:30. > :08:33.Conservative housing policy. They say that the rental levels on their
:08:34. > :08:36.social or Housing Association homes will be lower than the affordable
:08:37. > :08:40.rents, which is the category introduced by the Conservatives.
:08:41. > :08:44.They say they'll introduce shared ownership, where people can, will
:08:45. > :08:47.have lower incomes will be eligible. We don't know the details of
:08:48. > :08:52.Conservative policy. They're due in the manifesto on Thursday. What do
:08:53. > :08:56.you think Londoners will make the Labour's tax plans? All the tax
:08:57. > :09:00.proposals taken together are fascinating. Income tax particularly
:09:01. > :09:08.shatters a consensus around keeping income tax broadly around the same
:09:09. > :09:12.and really reluctantly raising thresholds. Here you would have
:09:13. > :09:17.something that would affect 8% of the working population, to do
:09:18. > :09:21.something to this, to introduce this higher rate at ?80,000 a year. I
:09:22. > :09:26.suppose the question is whether people regard that as a wealthy,
:09:27. > :09:31.high salary in this day and age. Has the mayor read it yet? The truth is
:09:32. > :09:38.we don't know. We did ask earlier. We asked at the end of the after
:09:39. > :09:41.noorn and we were told he'd been in back-to-back meetings, solid in
:09:42. > :09:43.meetings. As we know he's a very busy man. I'm sure we'll find out
:09:44. > :09:47.soon enough. Tim, thanks very much. That's it for now from me,
:09:48. > :09:58.but let's find out what Hello. Good evening, well, there
:09:59. > :10:01.were warm colours in the sky on the warmest day of the year yet. But
:10:02. > :10:07.tomorrow, we have to prepare for something completely different and
:10:08. > :10:15.that is a lot of wet weather, t like of which we haven't seen for several
:10:16. > :10:19.weeks. There is rain at the moment. Another fairly, uncomfortable, warm
:10:20. > :10:22.and humid night, temperatures no lower than 15 degrees in London.
:10:23. > :10:25.First thing tomorrow, you might not see the rain to start with, at
:10:26. > :10:28.least. In fact, east and south-east of London, there will be decent
:10:29. > :10:31.spells of sunshine and perhaps temperatures in the mid-20s once
:10:32. > :10:35.again. That will invigorate the atmosphere. By the time the rain
:10:36. > :10:39.does get here, we will have heavy bursts and rumbles of thunder in
:10:40. > :10:43.time for the evening rush hour. We could have some very large puddles,
:10:44. > :10:50.some spray on the roads, disruption to transport. Keep up to date on BBC
:10:51. > :10:53.Radio London or Twitter. The rain clears away perhaps giving 20 to 40
:10:54. > :10:57.mm but a drier day on Thursday. There will be one or two showers
:10:58. > :11:05.around on Friday as well. All in all it will be fresher into the weekend.
:11:06. > :11:11.Hello. Some of us had a preview of summer today. I know there's been
:11:12. > :11:15.somedaytime warmth in recent weeks in the sun, but today's warmth had
:11:16. > :11:22.the humidity we're used to in summer. This is a weather watcher
:11:23. > :11:27.view. Both of these locations significant today for warmth and
:11:28. > :11:30.temperatures. Lossiemouth 22. 4 Celsius, that was Scotland's highest
:11:31. > :11:39.temperature of the year so far. 2 # at Gravesend in Kent. That -- 22 at
:11:40. > :11:42.Gravesend in Kent. Rain in the south-west though, Cardiff into the
:11:43. > :11:45.Midlands. That's now into south-east England. It expands its coverage
:11:46. > :11:50.elsewhere across England and Wales as the night goes on. Mild, muggy
:11:51. > :11:53.with the cloud. But it's already cooler and fresher in Scotland and
:11:54. > :11:54.Northern Ireland under clear skies. In Scotland, look