How Starmer’s challengers want to drag Labour Left with more spending, higher minimum wage, wealth taxes, renationalisation and rewriting the rules on ‘fiscal discipline’

Britain faces being dragged to the Left with a rise in spending, taxation, the minimum wage and renationalisation if Keir Starmer is removed from power.

Higher public spending, higher taxes, a more generous minimum wage and yet more new rights for workers at the expense of employers are among ideas that have been floated by some of the challengers and their allies.

Even before the Prime Minister quits or is forced from No10, the markets have reacted with fear over who might replace him and Chancellor Rachel Reeves

Long-term borrowing costs have surged to a fresh 28-year high and the pound weakened as

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