Labour Will Back Osborne's Charter - McDonnell

Labour's new shadow chancellor John McDonnell has said the party will support Chancellor George Osborne's new fiscal charter designed to guarantee "budget responsibility". But Mr McDonnell insisted Labour would adopt a different approach to balancing the budget than the Conservatives and protect low and middle-earners. The anti-austerity stance which helped propel Jeremy Corbyn to the leadership of the party has led to critics - including the Tories - to claim Labour cannot be trusted with