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Labour must overhaul economic policy, Mandelson warns

New Labour strategist Peter Mandelson has re-emerged to call on the opposition to overhaul its economic policy.

Lord Mandelson, a former Labour business secretary, will use a speech today to say that Sir Keir Starmer needs to “give laser-like attention to the new industrial and technology-empowered policies needed to spur growth and mitigate the effects of Brexit”.

He will explicitly question the wisdom of the party’s pledge to spend £28bn every year for a decade on the transition to net zero. “Just announcing a massive spend and a big policy goal does not in itself deliver economic growth,” he will say.

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