Labour in power faces dire economic inheritance, says Rachel Reeves

Shadow chancellor criticises Tory years of failure and says national mission is needed to kickstart economy

The shadow chancellor, Rachel Reeves, has admitted it would take time for a Labour government to turn Britain around, as she accused the Conservatives of vandalising the economy over the past 14 years.

Speaking before next week’s budget, Reeves said the party that wins the next election would have the worst inheritance of any incoming government since the war and that a national mission was needed to kickstart the economy.