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UK: Jeremy Corbyn Labour Party conference speech to focus on economy instead of Brexit

Jeremy Corbyn is set to denounce ‘greed-is good capitalism’ as he sets out plans for a radical reshaping of the UK economy, including a ‘green jobs revolution’ to create 400,000 skilled posts.

In his keynote speech to Labour’s annual conference in Liverpool on Wednesday, Mr Corbyn will accuse ‘the political and corporate establishment’ of propping up the financial system which caused misery to millions following the crash of 2008.

And he will say that Labour is ready to deliver ‘the radical plan we need to rebuild and transform Britain’, telling delegates: ‘The old way of running things isn’t working anymore.’

Corbyn will say Britain needs a Government ‘committed to investing in renewables, in jobs and in training’ and will promise large-scale public and private investment in wind and solar power, as well as subsidies to make all homes energy efficient.

Changes to planning guidance will aim to encourage private investment to double onshore wind power over 12 years, while offshore wind will be increased sevenfold and solar power threefold.

Mr Corbyn’s speech comes at the end of a four-day conference which has been dominated by Brexit, but has seen the Labour leader and shadow chancellor John McDonnell set out a range of policies to reverse inequalities in wealth and economic power.

These have ranged from workers in the boardroom to employee shareholding funds and new taxes on second homes.

They sparked warnings from the CBI that Labour risks ‘cracking the foundations of this country’s prosperity’.

IMAGE: Jeremy Corbyn will set out plans for a reshaping of the UK economy (Picture: PA)

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