Labour Budget to 'end austerity' in first 100 days

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Labour Budget to 'end austerity' in first 100 days
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General election 2019: Labour vows Budget 'to end austerity' in first 100 days

Conservative leader Boris Johnson is set to visit four Labour-held seats which voted for Brexit in the North-East of England on Monday, with three days to go until polling day.

In a speech, Mr McDonnell will set out details of what will be in his first Budget, if Labour wins Thursday's general election - including the new bodies to oversee nationalised utilities.He will say:"In our first hundred days we will start the process of bringing water and energy into public ownership.

He will accuse past governments of"leaving the fate of whole communities at the mercy of market forces."He will also outline Labour's plans to invest in green industries, skills training and regional development. The National Transformation Fund will be managed from a new new department of the Treasury, based in the North of England.Labour's National Investment Bank - previously featured in the party's 2017 manifesto - would have £250bn to lend with a focus on small businesses whose work ties in to the government's industrial strategy.

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