Article 4TTGN McDonnell unveils Labour plans for £400bn in investment

McDonnell unveils Labour plans for £400bn in investment

by
Peter Walker Political correspondent
from Economics | The Guardian on (#4TTGN)

Shadow chancellor says sum necessary to tackle climate crisis 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 "future generations would never forgive us" if rapid action was not taken.

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

Related: Labour and Tories race to ramp up spending despite borrowing risks

Related: UK general election 2019 poll tracker

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