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.

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