UK opposition Labour plans borrowing to revive industry, win back supporters - News Summed Up

UK opposition Labour plans borrowing to revive industry, win back supporters


Britain's opposition Labour Party promised on Monday to use borrowed money to protect struggling industries and spur growth, setting out an economic policy it hopes will re-engage with working class voters who backed leaving the European Union (EU). Predicting a snap election in 2017, Labour is using its annual conference to outline its plans to win back the voters that abandoned the party at a 2015 election and spurned the political establishment by backing Brexit. Labour re-elected leader Jeremy Corbyn on Saturday following a failed attempt to oust him after the EU referendum. But Labour says the Brexit vote, which forced David Cameron to resign as prime minister, will push his successor Theresa May to call one sooner. "You need an interventionist government that's working with the private sector ... hand in hand, looking at where investment is needed," he told ITV.


Source: dna September 26, 2016 09:22 UTC



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