UK economy needs fundamental course correction, says shadow chancellor Reeves

Labour will alter Chancellor Jeremy Hunt’s fiscal rule on borrowing in a bid to boost investment into Britain, Rachel Reeves said.

The shadow chancellor used a speech lasting close to an hour to set out her vision if Labour wins the general election widely expected this year.

During the annual Mais Lecture in the City of London on Tuesday, Ms Reeves said Britain needs a “fundamental course correction” to improve living standards and guard the “health of our democracy”.

She said the country “cannot continue with the short-termist