McDonnell unveils Labour plans for £400bn in investment

Shadow chancellor says sum necessary to tackle climate change and deprivation

John McDonnell has announced a radical Labour plan to commit £400bn of investment to what he called the twin crises of the climate emergency and social deprivation, saying that if rapid action was not taken “future generations would never forgive us.”.

The shadow chancellor used a speech in Liverpool to outline the economic priorities of the party’s election campaign, and said a Labour government would change fiscal rules so borrowing for investment would be excluded from borrowing targets.

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Author: Peter Walker Political correspondent | Source

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