Jeremy Corbyn calls for new economics to tackle 'grotesque inequality'

Opposition leader says growth demands major change in way economy is run, as shadow chancellor vows to rewrite rules

Jeremy Corbyn said the UK needed a serious debate about wealth creation, as he called for a new style of economics to tackle Britain's "grotesque inequality".

Closing a Labour state of the economy conference in central London on Saturday, the party's leader said: "Wealth creation is a good thing: we all want greater prosperity. But let us have a serious debate about how wealth is created, and how that wealth should be shared."

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