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Labour promises to rescue communities and industry

LABOUR shadow chancellor John McDonnell unveiled plans yesterday to pump billions of pounds of investment into Britain’s regions to boost industry and create hundreds of thousands of jobs.

He pledged radical changes, including giving workers the right to sit on company boards and funding for co-operative enterprises — proposals reminiscent of the 1975 Bullock Report commissioned by Harold Wilson’s Labour government.

Speaking at the National Glass Centre in Sunderland, Mr McDonnell said a Labour government would create a publicly controlled national investment bank and similar banks for Britain’s regions with access to £500 billion to boost industrial development and jobs.

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