General election: McDonnell says it is ‘common sense’ to relax borrowing rules for £400bn investment – live news
The shadow chancellor follows his Tory counterpart in delivering speech outlining economic vision
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- Former Labour MP Ian Austin tells voters to back Boris Johnson
- Tom Watson quits as Labour deputy leader
McDonnell is now answering questions from activists at the event.
He says Labour wants to give local authorities the power to control rents. People think that is radical, he says. But it is normal through Europe. And rent controls used to apply in this country too.
Q: Why have Ian Austin and the Jewish Chronicle both decided that the election choice should not be Labour?
McDonnell does not refer to Austin by name. But, referring to a “former Labour MP”, he says Austin is now employed by the Tories, and so he speaks on their behalf.