Matthew Lynn 17 May 2019 6:00 AM 17 May 2019 6:00 AM Share Twitter Facebook LinkedIn Email Whatsapp Factories would move abroad to escape punitive tariffs. The ports would be blocked up. The hospitals would run out of medicines and fruit would remain unpicked on trees. Over the last three years, we have become used to wildly over-the-top predictions about all the terrible things that would happen to the British economy if we ever get around to leaving the European Union. But if you thought that was bad, and global investors were nervous about putting money into the UK markets, wait until you see what happens as they start to get to grips with the plans should Jeremy Corbyn and John McDonnell ever move into Numbers 10 and 11 Downing Street. The FTSE is already one of the cheapest major indices in the world but that doesn’t mean it can’t get a lot cheaper still. Over the last few days, more and more of Labour’s plans for the economy … [Read more...] about Jeremy Corbyn and the Project Fear we should all be afraid of
Jeremy corbyn
Hamas thanks Jeremy Corbyn for message at pro-Palestinian rally
Hamas has thanked Jeremy Corbyn for his message of solidarity to a pro-Palestinian rally in London, a move that threatens to reignite questions over the Labour leader’s links with the militant group. “We have received with great respect and appreciation the solidarity message sent by the British Labor Party Leader, Jeremy Corbyn, to the participants in the mass rally that took place in central London,” Hamas said in a statement. Around 4,000 people marched in London over the weekend for Nakba Day, the annual day of commemoration for the thousands of Palestinians who were displaced from their homes during the 1948 war with Israel. Mr Corbyn did not speak at the event but sent a message to the marchers calling on the UK government to condemn the killing of protesters in Gaza and freeze arms sales to Israel. He also promised that if he becomes prime minister he would recognise Palestine as a state. “We cannot stand by or stay silent at the … [Read more...] about Hamas thanks Jeremy Corbyn for message at pro-Palestinian rally
Jeremy Corbyn’s renationalisation plans spook traders
ENERGY and utility firms were sold off today as a fearful City awaited Labour leader Jeremy Corbyn’s renationalisation plans for swathes of UK industry. In a speech tomorrow Corbyn will lay out his plans should Labour win the next general election. Leaks suggest that compensation for shareholders in the country’s £62 billion utility networks will be priced at a level decided by Parliament and well below the stock market value. It is understood the party is planning to employ the same tools used to nationalise Northern Rock. One broker said: “Even for a demagogue like Corbyn this is a step too far. He has to pay attention to the rules.” Today National Grid lost 13.4p to 836.9p, SSE was down 21.5p at 1089p, and Severn Trent fell 11.5p to 1970p. United Utilities was off 1.6p at 802.4p. Overall the FTSE 100 was treading water — down 2.92 points at 7238.68 — despite a slew of earnings updates. Among the risers was catering giant Compass Group … [Read more...] about Jeremy Corbyn’s renationalisation plans spook traders
Jeremy Corbyn’s hypocritical appetite for bad news
Lloyd Evans 15 May 2019 4:21 PM 15 May 2019 4:21 PM Share Twitter Facebook LinkedIn Email Whatsapp It’s that time of year. The Sunday Times Rich-List is out. To most of us it’s a negligible frivolity. To the hard left it’s hard porn. Their trembling fingers swipe through its glossy pages. Their ravening eyes gaze with confused adoration at the wrinkled oligarchs and their marmalade-coloured wives. At PMQs today Jeremy Corbyn captured this covetous ardour by deriding Theresa May for accepting donations from ‘hedge-fund tycoons’. She replied that income inequality has fallen since 2010. ‘Labour,’ she said, ‘want to bring people down. Conservatives want to raise people up.’ Corbyn moved to the issue of starvation among poor children. The Labour leader revealed that the Department for Business, Energy and Industrial Strategy in Victoria Street now has its own foodbank for staff. How amazing! My dad worked for … [Read more...] about Jeremy Corbyn’s hypocritical appetite for bad news
PM must do more to end scandal of inequality: Jeremy Corbyn
PM must do more to end scandal of inequality: Jeremy Corbyn BelfastTelegraph.co.uk Theresa May’s Government is in the “pockets of a super-rich elite” and must do more to end the “scandal of inequality in modern Britain”, according to Jeremy Corbyn. https://www.belfasttelegraph.co.uk/news/uk/pm-must-do-more-to-end-scandal-of-inequality-jeremy-corbyn-38114510.html https://www.belfasttelegraph.co.uk/news/uk/article38114508.ece/c9898/AUTOCROP/h342/bpanews_411db7f4-bbd0-4284-893b-ce46c2d52ff3_1 Email Theresa May’s Government is in the “pockets of a super-rich elite” and must do more to end the “scandal of inequality in modern Britain”, according to Jeremy Corbyn. The Labour leader claimed poverty levels for children and pensioners are rising while the Conservative Party continues to receive millions of pounds from hedge fund tycoons. But the Prime Minister argued the top 1% of earners in the country are paying more in … [Read more...] about PM must do more to end scandal of inequality: Jeremy Corbyn