Labour Leadership Candidate Owen Smith Delivers Major Speech On Economy

NEWCASTLE UPON TYNE, ENGLAND - AUGUST 08: Angela Eagle listens as Owen Smith, candidate for leadership of the U.K. opposition Labour party delivers a speech on the economy at The Auditorium, Bunker Coffee and Kitchen coffee shop on August 8, 2016 in Newcastle Upon Tyne, England. Mr Smith used the speech to comment on the last six years of Conservative party austerity and offered a critique of wider economic policy since the 1980s offering his vision of what a radical alternative would look like including what immediate steps should be taken by the Government in light of the actions agreed by the Bank of England following the vote to leave the European Union. (Photo by Ian Forsyth/Getty Images)