Labour Conference - renationilise key industries

The transcript discusses Jeremy Corbyn's efforts to transform the Labour Party, focusing on policies like nationalizing key industries and revising the Private Finance Initiative (PFI). Labour's economic strategy includes investing in jobs and training, moving away from austerity. Despite radical policies, business engagement at the Labour conference is high, driven by concerns over Brexit. Labour's stance on Brexit and domestic policy is seen as potentially deterring investment. The transcript highlights the complex relationship between Labour's leadership and business interests amid Brexit uncertainties.

What does the speaker mean by 'turning our back on austerity'?

What is the significance of the phrase 'strange times make for strange bedfellows' in the context of the Labour Party?