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Labour demands apology from CBI after privately admitting it exaggerated cost of Corbyn's nationalisation plans
Labour Party leader Jeremy Corbyn makes a speech at the Confederation of British Industry in November 2016

LABOUR has demanded an apology from the Confederation of British Industry (CBI) after it privately admitted to exaggerating the cost of Jeremy Corbyn’s nationalisation plans.

A leaked email exchange shows the big business lobby group conceded that its statistics published on Monday were incorrect.

The CBI had claimed that public ownership plans outlined in Labour’s 2017 manifesto would cost £196 billion in taxpayers’ money.

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