John McDonnell MP Blog Headlines
The vote to Leave the EU presents every single one of us in politics with a challenge: to think big and adjust our policies rapidly to the new situation.
So today I want to announce a major new commitment from Labour to the British people. A policy that will form the lynchpin of everything else we do to rescue Britain’s communities from decay; and to rebuild Britain’s industries after years of neglect.
Britain’s relationship with Europe and the rest of the world has now been thrown open to question in a way that it hasn’t been for decades. Labour will not hesitate to defend the interests of working people in the UK, whatever the negotiations throw up.
I have laid down clear red lines that Labour will insist future proposals on our relationship with the European Union cannot cross. These will protect jobs and existing rights for those who live and work here.
But there are consequences for the domestic economy, too, and it is those that I want to address today. It is impossible to understand the vote to Leave without understanding how our economy is failing so many.
One part of this is clear. George Osborne leaves behind a legacy of failure. We said austerity was a political choice. He chose it. The result was spending cuts on a scale not seen for generations. We’ve got public services cut to the bone and in some cases beyond.
We’ve got million people using foodbanks in the sixth richest economy in the world. And investment has fallen, dragging down productivity. Our economy has become far too dependent on low-paid, insecure work as a result.
Worse yet, spending cuts have hit the places least able to cope with them the hardest. If you live in...
John McDonnell has accused members of Labour’s national executive committee of attempting to rig the leadership contest by changing the rules to prevent more than 130,000 new members from voting.
The shadow chancellor, one of Jeremy Corbyn’s closest allies, said there was “widespread concern and anger” about the decision that only people who had joined the party before January this year could participate in the forthcoming leadership contest.
Speaking to the Guardian, he added: “And the decision to increase the fee to become a registered supporter from £3 last year to £25 this year – and to leave just 48 hours in which to sign up – both discriminates against the low waged, unemployed, students and the elderly and is an affront to Labour values.
“These decisions, taken by Labour’s national executive committee [NEC] this week, will be widely seen at best as turning our back on an open participatory party democracy, and at worst as an attempt to gerrymander and rig the leadership election.”
McDonnell said the huge increase in members in recent weeks, thought to be mainly from people who want to back Corbyn, ought to be a cause for celebration. To “lock those members out of the right to vote” was a step backwards for Labour and a step backwards from party democracy, he added.
Regardless of any legal action that may be taken, the national executive needs to think again and reset rules for the contest that makes this leadership election the most open and democratic the party has ever held,” McDonnell said.
He added he was deeply concerned that members had not been consulted before the NEC decided to ban all local party meetings. “This is of particular concern over the next few months and sends a negative...
"Serious questions about George Osborne's actions are raised in a congressional report on investigations into HSBC.
“The Chancellor urgently needs to clarify whether he thinks that there are circumstances in which it is acceptable for financial service companies to potentially break the law and avoid prosecution. And he should clarify if he had received representations from HSBC prior to writing to Federal Reserve chair Ben Bernanke, seeking to sway the US investigation.
"It is not acceptable for any institution to place itself above the law, however powerful or financially important. It is hard to envisage circumstances where the Chancellor of the Exchequer should be using his office to interfere in a criminal investigation."
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