John McDonnell says Labour will reverse cuts and 'end austerity'

Shadow chancellor estimates cost at 108.2bn and pledges to take 'large-scale action'

The shadow chancellor, John McDonnell, has said Labour would reverse cuts made by the government since 2010 as Labour highlighted more than 108bn needed to "end austerity".

Labour's pre-budget review said it would take 42bn to reverse departmental spending cuts. The Institute for Fiscal Studies (IFS) had already highlighted another 19bn needed to stop further cuts to government.