Taking aim at government, UK's Labour unveils national wealth fund plan

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Taking aim at government, UK's Labour unveils national wealth fund plan
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Britain's Labour Party will unveil its plans to set up a national wealth fund to invest in green projects which will benefit the public, part of the opposition party's answer to the Conservative government's tax-cutting approach

At their annual conference, Labour lawmakers are sensing a change in their fortunes after a punishing loss at a 2019 election, feeling they can now offer a real choice to voters after the government announcedThe so-called mini-budget has opened up a divide between Prime Minister Liz Truss's Conservatives and the Labour Party of Keir Starmer, who wants to use the years before an expected election in 2024 to prove his team is ready for power.

"That is a real plan for growth," she will say, taking aim at the "Growth Plan" presented by finance minister Kwasi Kwarteng on Friday, when Labour accused him of prioritising the wealthy over working people struggling with rising prices by turning to the discredited theory of "trickle-down economics".

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