‘Writing cheques she can't cash'

RACHEL Reeves unleashed a tax bombshell by announcing fresh Labour spending pledges of more than £50billion a year.

- Macer Hall

In her keynote conference speech yesterday, the Shadow Chancellor vowed to spend £28billion a year on green projects if the party wins the next general election.

Ms Reeves also promised to scrap business taxes without saying how the Treasury would make up the £25billion shortfall.

And she signalled her desire to throw open the doors of Downing Street to union bosses in a lurch back to 1970s-style economic management.

“Labour will lead a new era of industrial strategy working hand-in-hand with trade unions and with businesses,” she said.