John McDonnell accused of a ‘wilful misunderstanding of business’ after radical conference speech September 24, 2018 One of the UK's biggest business groups pleaded with Labour not to see enterprise as "the enemy" after shadow chancellor John McDonnell delivered a radical speech at his party's conference. The Institute of Directors, which represents companies across the UK, urged McDonnell to abandon "sweeping measures and angry rhetoric" as he used a [...]
Labour opens new front in party’s war on business September 23, 2018 Labour's party conference is getting underway in Liverpool, and the various factions of the hard-left are already putting on a good show as they compete for control of the agenda. The trade unions used their voting power to block a bid by Momentum activists to force sitting MPs to face reselection challenges; members demanding [...]
John McDonnell: Labour will nationalise railways within five years September 22, 2018 Britain's railways could be taken back into public hands within five years if Labour wins the next general election, according to shadow chancellor John McDonnell. Ahead of Labour’s party conference which starts tomorrow, John McDonnell told the BBC he was looking at the possibility of breaking clauses in contracts to allow rail franchises to be [...]
Labour mulls break-up of Big Four accountancy firms September 21, 2018 The Labour party is weighing up radical plans to break up the Big Four accountancy firms, amid mounting pressure on the UK’s scandal-hit auditors. Shadow chancellor John McDonnell vowed to end what he described as a “cartel” among the country’s largest bean counters in the run-up to his party conference this weekend. “They have demonstrated [...]
Editor’s notes: A Cornish hero on 9/11, vegans up the creek with no Padella, and policy is for the many, not the pew September 14, 2018 Everyone remembers where they were when they heard about the 9/11 attacks. For many City workers, the event remains a trauma. Michael Spencer, who had hundreds of staff in the World Trade Center, still turns pale when recalling how he sat in London, watching the news footage, trying to get through on the phones. Remarkably, [...]
John McDonnell would hound gig workers out of their jobs with his socialist dystopia September 13, 2018 Since becoming shadow chancellor, John McDonnell has worn the appearance of a wolf in sheep’s clothing. This week, he reverted to type as a wolf in wolf’s clothing. His speech at the TUC Congress on the gig economy shouldn’t surprise us. This is, after all, a man who waved Mao’s Little Red Book when he [...]
Shadow chancellor John McDonnell warns City: ‘People want change… get used to it’ July 30, 2018 It’s fair to say that John McDonnell does not see the world in quite the same light as most City workers. During the first Budget after he became shadow chancellor, McDonnell quoted from Chairman Mao’s Little Red Book, before flinging it at his then-counterpart George Osborne. Years earlier, he was caught on camera saying he [...]