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At a key lecture in the City of London, the shadow chancellor will also vow to reform the Treasury.
New undersea cables and power lines could add up to £30 a year to energy bills, a new plan suggests.
Wall's, Ben & Jerry's and Magnum are among the brands that will be spun-off as part of a restructuring plan.
The historic move is the first time the country's central bank has raised interest rates for 17 years.
The retailer has come under fire for an advert showing motorcyclists wearing trainers and doing wheelies.