Jeremy Corbyn to call for 're-industrialisation for digital age' Labour leader to tell conference on state of the economy that party will alway

Jeremy Corbyn is to put big business on notice by saying that Labour will "always seek to distribute the rewards of growth more fairly".

Shopfloor workers, entrepreneurs and technicians should be put in the driving seat, the Labour leader will say on Saturday as he calls for a "new economics".

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Jo Michell

According to an advance copy of a speech provided to the media before the party's state of the economy conference in central London, Corbyn says "bold and ambitious" action must be taken to build a fairer economy.

"Building an economy for the future requires bold ambition. A new economics, "Corbyn says.

"We want to see a break with the failed economic orthodoxy that has gripped policy makers for a generation. And set out a clear vision for a Labour government that will create an economy that works for all, not just the few.

"We want to see a genuinely mixed economy of public and social enterprise, alongside a private sector with a long-term private business commitment, that will provide the decent pay, jobs, housing, schools, health and social care of the future.

"Labour will always seek to distribute the rewards of growth more fairly. But to deliver that growth demands real change in the way the economy is run.

"Only an economy that is run for all wealth creators - the technicians, entrepreneurs, designers, shopfloor workers, and the self-employed - and that puts them in the driving seat is going to deliver prosperity for all."

The economists Ha-Joon Chang and Jonathan Portes along with Adam Marshall, the acting director general of the British Chambers of Commerce, and the Unite general secretary, Len McCluskey, are all expected to attend the conference.

FROM the guardian newspaper