Next Labour government 'will be interventionist' - John McDonnell

Labour would intervene in British industry to protect key sectors of the economy like steel, shadow chancellor John McDonnell will declare. In his big set-piece speech to Labour's conference in Liverpool, Mr McDonnell will pledge a post-Brexit "manufacturing renaissance". Mr McDonnell will tell the conference that the rules of globalisation "are being rewritten for us", with governments around the world moving away from reliance on free markets in favour of intervention.