The two main advocates of nationalisation without market value compensation: Venezuela and Corbyn’s Labour Party May 15, 2019 Labour's shadow chancellor can be quite charming when he wants to be. He can also be quite thuggish, and has yet to apologise for his comments about “lynching” former Tory minister Esther McVey. But it was charming John who spoke to an audience of CEOs earlier this week, during which he was asked by one [...]
Business risks ‘Corbygeddon’ if it doesn’t learn to speak up May 15, 2019 The headline in the Sunday Times was stark: “Rich prepare to flee Corbyn’s Britain as Tories desert PM”. The country’s millionaires and billionaires were, according to the compilers of the paper’s annual rich list, preparing for “Corbygeddon” – the prospect of a hard-left Labour government making an irreparable dent in both their own finances and the [...]
MPs will vote again on Brexit next month – despite no deal between Tories and Labour May 14, 2019 Theresa May will attempt to force her Brexit deal through parliament for the fourth time of asking next month – despite not yet reaching an agreement with Labour. Downing Street has revealed May will put forward the legislation needed for the UK to leave the EU in the week commencing 3 June. The announcement came after May met [...]
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 [...]