General election 2019: Labour will lay ‘foundations of a new economy’

Labour’s shadow chancellor has outlined his party’s pledges on inequality, setting out policies that include scrapping universal credit and raising the living wage to £10.

Speaking in Birmingham, John McDonnell said scale of the reforms pledged by Labour “is significant” but that people’s ambitions had been limited by almost a decade of “Conservative and Lib Dem austerity”.

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