John McDonnell tells CEOs: Karl Marx’s analysis has to be taken into account May 14, 2019 Labour’s shadow chancellor has told some of the world’s most powerful CEO’s that revolutionary thinker Karl Marx had ideas that “we have to take into account”. Speaking at the Wall Street Journal’s CEO council in London, John McDonnell was quizzed over his previous claim that he was a “Marxist”. An audience member challenged McDonnell to [...]
Labour might ban London-listed companies from stock exchange over climate change targets May 10, 2019 London-listed companies could be thrown off the stock exchange for not doing enough on climate change under new plans which are being drawn up by Britain’s Labour party, it was revealed today. Shadow chancellor John McDonnell said today his party would delist companies which do not have plans to combat climate change. Read more: Britain [...]
The City powers the UK economy – it must not fall into Labour’s hands May 8, 2019 Despite the best efforts of a few valiant voices, the City (and its interests) received a shameful lack of attention during the Brexit debate and has been largely left to fend for itself ever since. Read more: What the next Bank of England governor’s CV looks like However, the race to succeed Mark Carney at [...]
Labour’s renationalisation plan isn’t just illiterate, it’s immoral May 8, 2019 Want to buy something, but can’t quite afford it? Just use a simple trick from John McDonnell. Here’s how it works. You say: “We’ll pay a fraction of the actual price.” They say: “Sorry, you can’t do that.” You say: “Yes, we can. We’re the government.” That, in essence, is Labour’s plan to renationalise the [...]
Fix Brexit, unlock investment – and maybe we can all work a little less May 7, 2019 Did you enjoy your day off yesterday? Nice, wasn’t it, coming so soon after the extended Easter break? Plus there’s another bank holiday in just three weeks from now. Happy days. Square Mile workaholics aside, most of us would prefer to have a little more leisure and a little less time in the office – and [...]
Maurice Turnor Gardner’s senior partner on a decade in the City, John McDonnell and being Allen & Overy’s first female partner May 6, 2019 Lawyer to the super rich Clare Maurice has a disarmingly simple view of the world. “Life doesn’t change really, people are born, get married, make money and die,” she says. The senior partner of private wealth boutique Maurice Turnor Gardner is reflecting on the ten years since she led a breakaway from Allen & Overy [...]
John McDonnell says Prime Minister Theresa May ‘cannot be trusted’ after leaks May 5, 2019 Labour has claimed Theresa May has broken the terms of confidential cross party talks on a Brexit compromise and can no longer be trusted. Read more: May calls on Labour to 'put differences aside' on Brexit Shadow chancellor John McDonnell said this morning the Prime Minister had “blown the confidentiality” after details of the negotiations [...]
Labour policies will represent ‘revolution’ for UK economy says John McDonnell April 29, 2019 Shadow chancellor John McDonnell said Labour will unleash an economic “revolution” if it wins power. The Labour MP for Hayes and Harlington, who has previously named Soviet revolutionaries Lenin and Trotsky as key intellectual influences, told the BBC he saw parallels with 1979 when Margaret Thatcher swept to power. "Things aren't working for people, so they're [...]
The left is upping its campaign against the free market – and the City in particular April 28, 2019 John McDonnell and the Labour party have long talked of the need to “democratise” our economy. Their plans for sweeping nationalisations, a state-run investment bank and the forced reallocation of shares to the workers are all couched in the language of taking power from the fat cats and making finance a servant of the public, [...]
Monetary policy is too crucial to leave in Labour’s meddling hands April 16, 2019 Even by Donald Trump’s standards, it was an extremely Donald Trump thing to do. Last week, the President nominated Herman Cain for a seat on the board of the Federal Reserve, attempting to hand oversight of the world’s largest economy to a maverick gold-standard enthusiast. The nomination appears to be doomed, largely because of the [...]