Labour leadership contest: City leader Martin Clarke says Jeremy Corbyn would be “disastrous” August 11, 2015 A prominent City dealmaker and Labour party supporter has said that a victory for leadership hopeful Jeremy Corbyn would do “irreparable damage.” Martin Clarke, chief financial officer of roadside recovery giant AA and a former executive at the private equity firm Permira, told City A.M. in an interview yesterday that electing Corbyn would sever Labour’s [...]
Punters put even more money on Jeremy Corbyn victory in Labour leadership contest August 11, 2015 Support for Labour leadership hopeful Jeremy Corbyn has flooded the betting markets this morning, with Britain’s biggest bookies now saying the far-left candidate is on course to make gambling history. Ladbrokes, William Hill, Betway and Betfair have all put Corbyn in pole position off the back of a new opinion poll strongly favouring the Islington [...]
Landslide victory predicted for Labour leader candidate Jeremy Corbyn August 10, 2015 Jeremy Corbyn is set to ease to victory in the contest for Labour leadership, a new poll reveals. The hard-left Islington North MP can expect 53 per cent of the vote, 32 points ahead of his nearest rival. In second place was health secretary Andy Burnham, who was far behind at 21 per cent, according to [...]
Jeremy Corbyn’s renationalisation agenda would be disastrous for consumers August 10, 2015 Labour leadership contender Jeremy Corbyn has called for a “public debate” about renationalisation, in particular of the railways but even of energy firms. As with others occupying the left wing of UK politics, his logic seems to be: “these industries were privatised, prices have gone up in these industries, ergo privatisation has caused high prices [...]
Alastair Campbell says Jeremy Corbyn Labour leadership would be a “car crash” August 10, 2015 Former Labour spin doctor Alastair Campbell is urging voters to support “ABC” – Anyone But Corbyn – in the upcoming Labour leadership contest. Despite saying after the General Election that he did not want to get involved in the race to replace Ed Miliband, Campbell wrote on his blog today that he was intervening to warn [...]
Jeremy Corbyn considers Clause Four and Labour’s public ownership commitments August 9, 2015 Jeremy Corbyn, the frontrunner to become the next Labour leader, has indicated that he may bring back Clause Four, the party's commitment to public ownership scrapped by Tony Blair in the New Labour era two decades ago. “I think we should talk about what the objectives of the party are, whether that’s restoring Clause Four [...]
Labour leadership contest: Three reasons why Jeremy Corbyn could be the City’s new best friend August 4, 2015 Jeremy Corbyn is rumoured to be leading in the Labour Party’s leadership election. Without doubt he is setting the pace. The result is that words like ‘hard left’ are being bandied about, especially by his opponent’s camps. But is he bad news for the City? As the author of some of the economic policies [...]
Jeremy Corbyn loses lead in betting odds as Corbynomics comes under fire from Labour MPs August 4, 2015 Left-wing Labour leadership candidate Jeremy Corbyn has lost his lead in the betting markets amid attacks from senior members of his own party. Bookies from Ladbrokes, William Hill and Betfair all told City A.M. that Corbyn had dropped out of pole position yesterday, leaving Andy Burnham as the odds-on favourite to replace Ed Miliband. [...]
Labour leadership race: Shadow chancellor Chris Leslie confirms he would not serve under Jeremy Corbyn August 3, 2015 The Labour party would “not be the party” the shadow chancellor Chris Leslie joined if Jeremy Corbyn won the leadership. In an interview with the BBC, Leslie said Labour needed to find a “credible” alternative Prime Minister and that he would not service under Corbyn if he did win the leadership. Leslie is backing Yvette [...]
Former Labour leader Neil Kinnock warns party against a vote for Jeremy Corbyn August 2, 2015 Labour needs to elect a leader capable of taking them to victory in the 2020 election and serving as Prime Minister, which is why Andy Burnham should be supported, former leader Neil Kinnock has said. In an article in the Observer, Kinnock warned against support for Jeremy Corbyn as someone who would not be able [...]