27-09-2016 10:44 via news.yahoo.com

Labour lock horns with business over economic reform

By William James LIVERPOOL, England (Reuters) - The Labour Party clashed with business groups on Monday after setting out a left-wing economic agenda aimed at boosting their chances of winning power by re-engaging with working class voters who backed leaving the European Union. Finance spokesman John McDonnell, a veteran socialist, said Labour would raise the minimum wage, change company law to prevent firms taking on excessive debts to benefit shareholders, and redouble efforts to eradicate tax
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