Labour leadership candidate Owen Smith is to call for a "new industrial revolution", warning that Britain is on the "cliff edge of another recession".
In a speech, he will call for a focus on "jobs of the future" in areas such as the car industry and green energy.
Mr Smith will also renew his call for a second referendum to approve the terms of Britain's exit from the EU.
He is challenging Jeremy Corbyn, who has called for "radical solutions" such as "injecting £500bn into our economy".
Meanwhile, a court is due to rule on a legal challenge to Labour's decision to exclude members who joined the party after 12 January from voting in the leadership election.
No 'blank cheque'
Speaking at a tech start-up centre in Newcastle, Mr Smith will say: "Successive governments have allowed our economy to be too reliant on financial services and the creation of insecure, low-skilled and low-paid jobs.
"I believe we must have a bold mission for Britain - to undergo a new industrial revolution to make Britain the workshop of the world once more."
He will say this must be "focused on the industries and the jobs of the future", adding: "That means safeguarding and enhancing sectors such as the automotive industry, but also investing in new industries including renewable energy and the creative industries."
Mr Smith will say the Bank of England's decisions to cut interest rates to a record low and expand quantitative easing show the economy is "on the cliff edge of another recession, with ordinary people, again, set to pay the price".
The Pontypridd MP will also say ministers must not be given a "blank cheque" on Brexit, and instead the public "must be offered an opportunity to sign off the terms of a Tory deal on Europe".
Meanwhile, answering readers' questions in the Sunday Mirror, Mr Corbyn said Labour must offer "radical solutions to problems" to win elections.
"That means we must prioritise the NHS to eliminate its deficit, we must make trains work for passengers and not shareholders, and we must address chronic under-investment by injecting £500bn into our economy through regional investment banks," he said.
The High Court is expected to rule later on Monday on a case brought by five new Labour Party members.
The five are challenging rules which mean members must have had at least six months' continuous membership up to 12 July in order to vote in the leadership contest.
Almost 130,000 Labour members are affected, but the party offered a window from 18-20 July when they - and non-members - could pay £25 to become "registered supporters" and gain the right to vote.
No comments:
Post a Comment