Shadow Chancellor: Economic damage already done despite PM U-turn

The transcript discusses the economic challenges faced by ordinary working people due to Conservative policies, including higher mortgage rates and pension worries. It criticizes the Conservative government's trickle-down economics and calls for a Labour government to provide economic stability and growth. Labour's plans include respecting economic institutions, revising the budget, and investing in future industries. The need for a change in government is emphasized to restore financial stability and credibility.

What actions does the speaker believe are necessary to restore confidence in financial markets?

What are Labour's proposed plans for economic growth according to the speaker?