What would a Labour Government do to the UK economy?

Labour didn’t win the last General Election but leader Jeremy Corbyn believes it could do next time. In case that comes around anytime soon, the party this week laid out some plans at its conference. Shadow Chancellor John McDonnell also revealed that the leadership would be doing war game planning should a Labour victory cause a run on the pound or a stock market slump. Depending on your point of view, this may sound amusing, scary or exciting. But what does it actually mean and should we be worried? Corbyn's plans are pretty radical and would herald a sharp turn in the country's economic direction but should we be worried about the economy as it is now? Perhaps the rumoured Bank of England rate hike is a sign that things are absolutely fine. On this week’s This is Money podcast, Simon Lambert, Georgie Frost and Lee Boyce take a look at whether the UK’s pint glass is half empty or half full – and whether that means you will get richer or poorer. The team also look at whether the unloved UK is a contrarian investing opportunity and how people taking advantage of pension freedom can make their pot last and enjoy a richer retirement. And for those who enjoyed the driving theory test quiz of a fortnight ago (and the towing a trailer-based knowledge bashing that came with it), it’s question time again: This week, how much do your household appliances cost to run each year? Enjoy.

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