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What a Labour government would mean for business in the UK | FT


Britain may be just weeks
away from yet another general election, and business leaders
around the world are nervously trying to find out what a
potential Labour government would mean for them. This shadow chancellor
is different. I want you to know,
the greater the mess we inherit the more
radical we have to be. Behind deep divisions over
Brexit and the crisis over anti-Semitism in its ranks,
there’s been less attention on Labour’s radical
economic agenda. Lobbyist Ian Anderson
says his clients, blue-chip international
companies, are hungry to know more, and
in particular about shadow chancellor John
McDonnell and his promise to rewrite the rules
of the British economy. When I’m abroad,
when I’m in New York, or when I’m in Asia there’s
a huge amount of interest in Labour’s policies. What does higher corporate
tax actually mean? What would the change in the
approach to regulation mean? And on the wider
economic agenda, is there a partnership between
business and inward investors to help build Labour’s
infrastructure plans? And would you say that
it’s a positive sense among the business world about
what a Corbyn government would mean? Most businesses are
uncomfortable about prospect of John McDonnell as chancellor. There’s not a lot
of common ground. And whilst John
McDonnell will say that he’s talking to
business, a lot of the time he’s talking at business. Corbyn and McDonnell have
taken much of the limelight. But behind them there’s a large
policy network of leftwing MPs, activists, advisers,
Trotskyists, Greens, pressure groups,
think-tanks, academics… the list goes on. In this film, we meet some
of the faces behind the most radical leftwing policies seen
in Britain since the Labour government in 1945: large-scale
redistribution with taxes on the rich and business,
borrowing for infrastructure, the renationalisation
of water, the railways, and other privatised companies,
with shareholders paid back below the market price, the
gradual transfer of 10 per cent of the shares of every big
company to their workers, strengthening the rights
of consumers, workers, and tenants against
shareholders, landlords, and bosses. And these are only the
current existing policy. There are also ideas
being knocked around for a three-day weekend,
a universal basic income, and the land value tax. And on it goes. In the network of policymakers,
Ann Pettifor, a leading critic of neoliberal
economics, stands out as a longtime adviser to shadow
chancellor John McDonnell. What would you say
to business people? Are they right to
be watching this with some measure of alarm? Yes, if I think if you’re
a rent-seeker, you know, if you’re one of today’s
rentier capitalists, there will be a
lot to worry about. It’s not going to be so easy
to drain valuable public assets of wonderful rent easily. In the future, that
may be the case. But I think most of your
readers will actually look forward to this. Because what they want more than
anything else, I would think, is economic stability
and economic prosperity. As long as we have the
low levels of income that we have now, where we have
the kind of insurrection that is represented by
Brexit and that is very destabilising
in the economy. And what business
people often ask… they kind of see
two John McDonnells. They see a shadow chancellor
who has a very amiable bank-manager manner. There’s also the
John McDonnell who’s suddenly very angry about
bringing down capitalism. Which is the real
John McDonnell? There’s no doubt that
he’s on the left. But when it comes
down to it, John is really pragmatic and
sensible, and sometimes, in my view, a little too
conventional, really. When it comes to
Labour’s ambitious plans for renationalisation one
campaigning group has been very influential among the
Corbynistas, We Own It, founded by Cat Hobbs, who wants
to reverse the privatisations of the 1980s Thatcher era, a
policy that was largely left untouched by Labour
under Tony Blair. Some critics of Labour’s
nationalisation policy suggest that it is very
labour-intensive, time-intensive. Do you think it is the best use
of the time of a radical Labour government? Absolutely. Because what this is
about is taking assets that will make a profit
for the public purse back into public hands. So it means ending the rip-off
that we’ve got right now. It means giving
everybody a fairer deal in terms of our
bills and the money that we’re paying out
for these services. But it also gives us
a really vital tool that we can use in
delivering a Green New Deal, in tackling the climate crisis. Are there other
private-sector industries which you would like
to see nationalised which, at the moment,
are not being discussed? So We Own It is calling
for all public services to be run in public hands. And so what that means is
it means energy, water, the railways, buses, the NHS,
schools, council services, libraries, care work, parks,
all of those things… But what about… …should be… …the defence industry? …in public hands. What about airports? Yeah, I think wherever
there’s a public service. So defence industry,
yes, airports, yes. All of these things
are public services that we don’t have a choice
about relying on, really. We’re not talking about
the whole economy here. So we want to see
a mixed economy. Public services should be run
for people rather than profit. Private companies
and private investors can invest in the
rest of the economy. The chance of these radical
policies becoming reality is being taken seriously
in some quarters. Former head of the Civil
Service, Bob Kerslake has been charged with
advising McDonnell and team on the potential
transition into government. I’m not a member of
the Labour party, nor am I developing
their policies. What I’m doing is
helping them think about the task of
moving into government. And it’s worth saying they
face some real challenges. We have huge social
divisions that are matched by economic divisions. And in my view,
the important thing is that we have a government
that has the courage to see through the
radical responses that are going to be needed. We’re talking about a very
ambitious programme of radical change. But most of the people around
Jeremy Corbyn have not been ministers or running the
government under previous Labour administrations. Does that make it
harder for them? Yes, it is a radical programme. And indeed they have some
who have got experience of government, but not many. And in a way, that’s
not surprising if you’ve been out of
power for nearly a decade. But I think if you look at
the policies, many of them are policies, if
you went to Europe, would not be hugely surprising
– national ownership of the railways, for example. So they’re radical
for the direction that this country has gone
in for the last 50 years. But they’re not so
radical when you look at some other
countries in Europe. But Labour is deeply divided,
and the radical Corbyn agenda has alarmed many
more moderate MPs. In February 2019, it was
enough for Chris Leslie, a former shadow chancellor, to
resign as a Labour MP against what he said was Labour’s
shambolic Brexit policy, anti-Semitism in the party,
and its hard-left economics. Ultimately, it is
anti-capitalist. It’s not about
regulating markets, it’s about overthrowing markets. From my point of view, looking
at a choice of finite amounts of money, are you going to spend
£90bn to nationalise the water industry, or should that £90bn
be used for something more socially productive? But they’ll make the point that
that is covered by the profits that you then get by
owning the water industry. And they would suggest the £90bn
is far too high an estimate. Yeah, but only in an
environment where the market is going to say, oh, yeah,
we’re absolutely fine with you taking assets
below market value. I mean, the idea that a Labour
chancellor is going to go to the market and say, we’d
like to borrow £500bn pounds. Oh, but the person
in front of you, we just sequestered their
assets below market value. Those behind are
going to say, well, we might lend you some money,
but at a much, much higher risk premium. And of course, when the
interest rates increase, who pays the price for those? Ultimately the poorest in
society, or the public services that will suffer as a result. Laura Parker, the national
co-ordinator of Momentum, the grassroots movement founded
four years ago to support Jeremy Corbyn, believes
that Labour can move beyond the current rows over Brexit and
anti-Semitism and its election defeat in 2017 to win the next
general election on a radical platform. Do you think the movements
around Jeremy Corbyn, Corbynomics, will have a life
beyond the current leader? Yes, absolutely. And I think that now
we have mainstreamed this thinking about
economics in particular, throughout the party. We’ve got a new generation
of people in parliament. I mean, I don’t think
it’s that, you know, when Jeremy takes
off to his allotment, suddenly there’s nobody left. You know, we’re not
stuck for people. I mean, you know FT readers
are probably pretty smart folk. And smart folk will
have understood that we can’t continue as we are. Whenever that general
election comes, we’re ready. We’re ready to
campaign for victory. We’re ready for government. We’re ready to build the future. We’ll be proud to call that
future socialism, solidarity. Some pundits believe Labour
has little chance of winning a general election, not least
because of Mr Corbyn’s low opinion poll ratings. But elections are unpredictable. In 2017, Labour started
out 24 points behind the Conservatives, but ended
up winning 30 seats and almost gaining power. Business leaders in the UK and
around the world are looking very carefully to see what a
Labour government could mean.

100 Comments

  1. Mohit Masand
    Mohit Masand September 5, 2019

    From fighting Nazism, to becoming one. The UK is doomed if JC were to ever come close to No 10.

  2. NORMA BAGGINDALE
    NORMA BAGGINDALE September 5, 2019

    Dianne Abbot & Thornberry could be in power are labour that far away from the working class.

  3. Alexander Warner
    Alexander Warner September 5, 2019

    Exciting stuff – we can stop the widening wealth gap and begin investing in people rather than capital.

  4. Sheila Butterworth
    Sheila Butterworth September 5, 2019

    Moor lies hear we go. Lot harder when in doing it. Rubbish women. Hear we go. Brexit smears. Don't buy it. No chance

  5. Courtney Sugar
    Courtney Sugar September 5, 2019

    What about Labour supporters who voted Brexit?

  6. Mary Brody
    Mary Brody September 5, 2019

    Why was Chris Leslie a member of the Labour Party?

  7. akev
    akev September 6, 2019

    Yay! The world has been terrorized by right radicals like Trump, Berlusconi, Balsanro. It's about time we are terrorized by radicals from the left.

  8. Carl Lee
    Carl Lee September 6, 2019

    Madness when did any labour government manage to run a profitable private company all they ever talk about is BIG government and more tax on the rich and middle class Blair and Brown was the only labour government that understood business do you think
    That idiot corbyn could run a country or a business where is his business track record he's living in the Soviet past

  9. Plerp Plerp
    Plerp Plerp September 6, 2019

    Reversing 40 years of non stop Thatcherite politics and UK style trickle down economics? Hmmm🤔 Good luck with that.

  10. Jason King Dominus
    Jason King Dominus September 6, 2019

    If Labour puts us back in the EU, businesses will thrive.

  11. sile lynskey
    sile lynskey September 6, 2019

    And what about a Labour government with a Bernie Saunders government across the pond…that will be interesting.

  12. Kevin Wellwrought
    Kevin Wellwrought September 6, 2019

    Corbyn seems to be the only one to save UK from disaster.

  13. DANNYBOY73
    DANNYBOY73 September 6, 2019

    The UK would turn into a third world shithole country with labour in power.

  14. DANNYBOY73
    DANNYBOY73 September 6, 2019

    In other news Spunk Trumpet Gina Miller has lost her court case this morning.
    THIS IS BREXIT COUNTRY. 🇬🇧🖕🏼

  15. Michael Snelling
    Michael Snelling September 6, 2019

    Nationalisation will not work. Governments are no good at running businesses. Much better to take a shareholding and reap the dividends. Anything run by the government will eventually cost us more and we will end up with worse services. Been there and worn the T-Shirt.Yes we do need change and fairness but this communistic regime will fail. Always we have to have extremes never the middle ground lurching left and right and back again.

  16. Martin Decamerone
    Martin Decamerone September 6, 2019

    U won’t have a Labour government, it will have to be a real coalition. No party will be strong enough.

  17. Mathew Tan
    Mathew Tan September 6, 2019

    An economy that's based on supply and demand, the scale will not be balanced, but leaning heavier towards favouritism.

  18. Bayzid Hossain
    Bayzid Hossain September 6, 2019

    Labour for in power means whole country into sink

  19. Graham R
    Graham R September 6, 2019

    Well, that was balanced 😂😂😂😂😂😂😂😂

  20. BARRACUDA008 L
    BARRACUDA008 L September 6, 2019

    See Venezuela…. or Zimbadwe. That is the guarantee result to implement socialist agenda of Corbyn & co

  21. Johnny Feve
    Johnny Feve September 6, 2019

    people can back these after the Deception of manifesto… Action against the public within parliament

  22. San Bruno Beacon
    San Bruno Beacon September 6, 2019

    FT went swimming in the political cesspool to dig up this parade of Commies and commie apparatchiks.

  23. Deep Sabbath
    Deep Sabbath September 6, 2019

    BREXIT NOW!!

  24. Hoggarth The Wise Smeagol
    Hoggarth The Wise Smeagol September 6, 2019

    I actually agree with these policies. However, just for its treasonous stance on Brexit, I’ll be voting Brexit Party or Tory and I bet there are many others just like me. I’m fuming. Well done labour 😂🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧

  25. David Way
    David Way September 6, 2019

    The labour government would lead to ruin to business hard times for folk north of London wouldn't trust the grey haired double act Corbyn and MacDonald with anything nevermind our country

  26. richies quest
    richies quest September 6, 2019

    The labour party used to be viewed as a working-class party unfortunately they are now regarded by many as a ethnic party.

  27. Tom Hermens
    Tom Hermens September 6, 2019

    A total.F up

  28. Squirrel
    Squirrel September 6, 2019

    Absolute loosers!

  29. Jacobs_Rifles
    Jacobs_Rifles September 6, 2019

    A Labour Government means Year Zero for the UK.

  30. Levi Roman
    Levi Roman September 6, 2019

    FT doing a good job of getting a pro Eu labour in power, well done.

  31. Special Agent Kingston
    Special Agent Kingston September 6, 2019

    I like the sound of all this. I will be voting Labour this time.

  32. Alpha guy Stadt
    Alpha guy Stadt September 6, 2019

    I wish the US had a party like the labor party

  33. Chris Gill
    Chris Gill September 6, 2019

    You can’t be serious…. there isn’t a single case in history where this has worked. Poland, Latvia, Romania, hungry were extremely poor before the iron curtain fell. They couldn’t wait to get out of it. Venezuela is bankrupt and corrupt. Look North Korea. What utter madness is this. How can any one believe in this.

  34. Leon Fuller
    Leon Fuller September 6, 2019

    Labour couldn't run a bath

  35. Joseph Hodgetts
    Joseph Hodgetts September 6, 2019

    When i voted for Labour I didn’t have a pot to piss in. Now i have voted for the Conservative party I own my own house and have money in the bank.

  36. Paul Smith
    Paul Smith September 7, 2019

    Seriously, Corbyn, the coward, McDonell the boom and bust man, abbot the abacus and thornberry who would renegotiate with the EU and then campaign for remain, really?

  37. Scan End
    Scan End September 7, 2019

    The thing that Corbynomics doesn't understand and Socialist economics more broadly is that those who have created and maintained their wealth have done so because of their brains and skills to create goods and services. And they are at the tops of chains of command that are complex and difficult and that service many many people. And if you make it hostile for those people to exist then they leave, and if they leave they take those brains and skills with them and things slide. The only reason this doesn't happen so rapidly in full communist countries (although it does happen to a lesser extent) is because those people usually cannot escape, they cannot get to free countries and economies, and as we saw in East Germany for instance those who owned and operated private businesses pre-socialism were forced by the state to continue operating them at the same rates of output etc or face the gulag. Unless Corbyn is attempting to do that then the wealthy and highly skilled by and large are able to move globally and relocate, even a small dip in that will have a stultifying effect on the economy.

  38. aon10003
    aon10003 September 7, 2019

    How can you oversee a Brexit disaster and complain about Labour. Are you totally out of touch with reality? Anyway, if you didnt predict that the same thing that happened in Greece and Italy would happend in UK i dont know why you even are a paper.

  39. CIA
    CIA September 7, 2019

    Basically it’ll be crap

  40. Jeremy Smith
    Jeremy Smith September 7, 2019

    Labour will never get in power not this year not next year not ever …Even staunch labour supportors have stated they won't vote labour ….Why Corbyn.. Abboppopotamus (Dianne Abbott)..Thornbury..And the rest of the idiots of labour these last few days in parliament they have shown there true colours ..On a talk show only yesterday the audience a lot of labour supportors tore Thornbury into shreds and disagreed with every thing she said most stating she should of voted no deal BREXIT that was the will of a majority of people in the United Kingdom she has destroyed Democracy and lost Touch with reality stating it's I want i want it ignoring the vote of her constituency who voted leave and that is what she campaigned for the proving she was a liar on British television that was after she stated Boris Johnson was a liar and she practically stated she did not care about the British people or her voters then the audacity of this women she stated she was always a true remainer ..Bloody hypocrisy at the highest level from this horrid nasty evil women …..Labour has destroyed this country has we know it these last few days they have made the united kingdom a laughing stock….

  41. Mavia Abbasi
    Mavia Abbasi September 7, 2019

    Why would any patriotic British citizen not give Labour a chance?

  42. Thrustin Von Helmut
    Thrustin Von Helmut September 7, 2019

    OMG multinational corporations will have to honor worker & consumer rights. AND pay taxes. Put out a scare film to protect your corporate masters. FT is a propaganda outlet.

  43. nawny911
    nawny911 September 7, 2019

    Labour enemy of the north

  44. Jeremy Smith
    Jeremy Smith September 7, 2019

    Richard Branson supported Corbyn and is a friend now Corbyn wants to take his trains off him .. Destroy his business… Do you think business will want to come to the united kingdom under this idiots power …what type of man is Corbyn ……A 2 faced liar not to be trusted…

  45. Thrustin Von Helmut
    Thrustin Von Helmut September 7, 2019

    The Labour deserters want media time and to profit on neo-liberal policies that enriched the Blairites during the New Labour era.

  46. MrWilko58
    MrWilko58 September 7, 2019

    Running the country for the benefit of the people who live there. Is that really Marxism, or is it just common sense?

  47. Dave Durand
    Dave Durand September 7, 2019

    Labour in government…??? Nope they blew it!!!! The Labour vote in Scotland is gone (thanks Mr Blair), The Labour vote in the North East (of all places) is going, The North vote is going! Now shitting on Brexit has also finished them! throw in getting into bed with SNP, Lib (un)Dems has ended the chances of ever getting the keys to No10!!!! FINISHED!!!!!!!!!!!!!!!!!

  48. Mackem Scouse
    Mackem Scouse September 7, 2019

    Corbyn has gone against the people and stopped Brexit.God help the working class if he becomes PM.We will be kicked back to serfdom days.

  49. Kerry Phillips
    Kerry Phillips September 7, 2019

    Corbyn and McDonald are both IRA supporters McDonald even apologized on TV and he takes quotes from the little red book which killed millions both open socialists and both support communism and Corbyn live with his mum until his late 30s privately educated has never had a job has no business sense and they both hate anything patriotic they're both career politicians who have no problem lying

  50. Chris Bell 59
    Chris Bell 59 September 7, 2019

    So… if the Labour Party win at the upcoming General Election, they say they will go to Brussels, renegotiate a different and "better" deal than Theresa May's disaster of a "deal". Then they will offer the British Electorate another Referendum in which they will campaign to Remain.
    On what planet does one advise the Electorate to vote AGAINST the deal that you have so painstakingly negotiated, the deal (no doubt a "soft Brexit") for which you have been calling since 2016?
    And why the Hell does Labour believe that the EU would even bother to negotiate with them at all, seeing as Labour are going to campaign against any deal which might result anyway?
    All I can say to Labour is this…. Good Luck to you explaining to the 148 Labour held constituencies that voted (some by 60 to 70%) to LEAVE THE EU that you have decided to ignore their wishes.

    When Farage has dozens of his MP's in Parliament, YOU can explain me WHY you let that happen.
    From a life=long Labour supporter, voted LEAVE, never ever voted for the party of Thatcherism
    WHO DO I VOTE FOR?
    Thankyou oh so very much, you anti-democratic disingenuous Champagne Socialists.

  51. Bloodshot Eyes
    Bloodshot Eyes September 7, 2019

    Corbyn will treat people fairly/Tories never have.

  52. Aaron Temple
    Aaron Temple September 7, 2019

    Ready for a general election?

  53. Aaron Temple
    Aaron Temple September 7, 2019

    Brexit is not an insurrection

  54. John's guitar practice
    John's guitar practice September 7, 2019

    What an out of date and irrelevant organisation you appear as in this footage. To dig up language from the 1920's to try to scare an elite at home with monopoly patronage who now have nothing to fear from antiquated extreme ideologies but haven't the creativity to argue with accuracy and understanding of the accessibility of information on offer today. Then you throw in a wild soundbite about the post war consensus government which has a great legacy to date and that people support en masse but greedy unsociable elites wish to tear apart like a near extinct pack of wolves to a business class who prefer private health insurance and gated isolation with resources enough to stealthily draw wealth from western populations nearing breaking point in real estate, low wages, poor quality of employment, export of services and manufacturing, sale of infrastructure to the indiscriminate world to squeeze growth out of a seriously bad UK trading balance.
    Traitors penned this piece in fear of the failure of the economic model that has driven the west to its knees whilst supporting autocracies in Asia, and now look to the same regimes for their liquidity because they over inflated their native economies. Sad message because it ignores the people in totality with and aims merely at closet policy making at odds with the future of the UK state. Balance your books and stop wheeling and dealing with society, you have ruined the western world which is quite at home to responsible free trade. There is no far left anymore, it failed with fascism in the 1930's, today there is just a very big and very poor lower middle class who are wiser than you wish for. The oppressed are the workers in your hideous Asian workplaces which flood the markets with cheap shite but cost the earth in resources. Any future revolution won't be socialist it will be based on morality against ruthless unpatriotic, unsustainable business, the reliance upon faked currencies which you trade in for actual transferrable wealth.
    It is a bizarre piece indeed, when we're watching the Trump trade war over national salvation across the pond, the rise of tensions in Asia and the Russian model of oligarchic capitalism – all things which your poor shareholder readership have created inadvertently. So be a bit more bulldog and use clarity and reality instead of foul play in spreading false accounts of the status quo. Your interviewees did not support your narrative at all, they suggested the system needs fixing, but you followed up with contrary analysis to all of them.

  55. Yorkshire Boy
    Yorkshire Boy September 7, 2019

    At the next election Labour will be punished by the working class.

  56. M M
    M M September 7, 2019

    Poor and middle class "millionaires" on 80k a year will pay extra for all those lunatic policies. The winners will be the all sorts of layabouts, public servants and politicians.

  57. SnazzBot
    SnazzBot September 7, 2019

    As radical as the Labour then give the UK the NHS, what mad man.

  58. FuckILoveYouTubby
    FuckILoveYouTubby September 7, 2019

    They ain’t winning

  59. Ziad Rachid
    Ziad Rachid September 8, 2019

    all of these policies are for the people !! jeremy corbyn 4 PM

  60. Maximilien Robespierre
    Maximilien Robespierre September 8, 2019

    "We asked a Lobbyist", that is the first sign this video is going to be a spear job.

  61. Glenn Whitehead
    Glenn Whitehead September 8, 2019

    Remember that socialism always fails due to the fact it eventually runs out of other people's money!🤔

  62. shamanahaboolist
    shamanahaboolist September 8, 2019

    I'll tell you what it'll mean. Better money flow and an invigorated economy. Poor people spend their money quicker than the mega rich.

  63. Brian Mugo
    Brian Mugo September 8, 2019

    MORE taxation, MORE regulations, statism, no property rights. Basically, the death of the UK.. HAIL China and the EU!

  64. Forza223 Bowe
    Forza223 Bowe September 8, 2019

    Higher taxes, mass unemployment, recession and probably bankrupt the country once again

  65. Bean she
    Bean she September 8, 2019

    Mc Donnell..is a smart guy with policies to stimulate growth..dont understamate him

  66. John Harding
    John Harding September 8, 2019

    The Labour and Islamic Party cannot renationalise anything the EU won't let them it goes against the EU rules. They could if they LEAVE the EU

  67. John Young
    John Young September 8, 2019

    Poverty and uncertainty…Ruled by the EU and totaly fked

  68. kudi m
    kudi m September 8, 2019

    it would mean the country would collapse. no thanks.

  69. Richard Sheehan
    Richard Sheehan September 9, 2019

    Yeah obviously the Tories are the competent party of responsible stewardship of British statecraft 🤡🇬🇧🔥

  70. Junior Boom
    Junior Boom September 9, 2019

    Holy Bias Batman. This is closer to state propaganda then journalism. Calling centrist "radicals" like it will convince anyone lol.

  71. gigi giggio
    gigi giggio September 9, 2019

    Damn, the level of theatricality from the lobbyist guy would rival Batman himself.

  72. Yellow Blue
    Yellow Blue September 9, 2019

    Yes the FT a Labour government would be bad for workers and bad for the bosses that’s some really good “journalism” your doing.

  73. fortune ntshangase
    fortune ntshangase September 9, 2019

    Reversing neoliberalism hmm good luck

  74. CleverCat
    CleverCat September 9, 2019

    Don’t think Owen Jones and Ash Sarkar are exactly pulling the strings of labour.

  75. Bright Bart
    Bright Bart September 9, 2019

    Then bring it on Labour! what are you being so shy about ? ..all talk and no walk !

  76. neil eastell
    neil eastell September 9, 2019

    Corbyn and his Marxist lunatics will trash the UK economy within months , he will also ruin the lives of millions of ordinary people , not the very rich and not the millions on benefits , but all the millions of taxpayers caught in between

  77. Great Wolf
    Great Wolf September 10, 2019

    UK will be fucked🤣😂. First they leave EU and then they elect these idiots.

  78. Alan Hunt
    Alan Hunt September 10, 2019

    Watch industries queueing up at the airport to leave…. and leave transportation logistics combined with government agencies to provide the only jobs in the UK. Everyone else will service the customer base from abroad. The economy is already service driven and will just get worse… Labour really don't have a viable policy for economics at all. I can't wait for the general election….!!! bring it on…

  79. Fred
    Fred September 10, 2019

    What insanity! OK for 20-year olds, but once past 40, leftists should come to their senses. These policies have failed wherever they have been tried. They failed Britain for generations before Thatcher. The entire water sector had suffered from generations of under-investment. The sector was not privatized until the government realized how much investment would be need to modernize the system and how much would be needed to operate and maintain the system to modern standards.

  80. Fergus
    Fergus September 10, 2019

    God help us all

  81. TheHotcrumbs
    TheHotcrumbs September 10, 2019

    CORBYNS SOCIALIST FREEBIE HANDOUT SOCIETY , SOUNDS LIKE A BAD LANDCAPE FOR BUSINESS , CAPITALISM IS WHAT CREATES JOBS THE FREE MARKET , GOVERNMENTS HAVE A TERRBLE HISTORY FOR CREATING JOBS THERE UNATURAL JOBS NOT FROM THE FREE MARKET THE TAX PAYERS FOOTS THE BILL , SOME SORT OF SOCIALISM HAS BEEN PLANNED FOR YEARS FOR MOST OF THE WESTERN COUNTRIES AS ITS JUST ECONOMIC CYCLES WE HAVE OVER LEVERAGED SAME FOR EUROPE AND UNITED STATES AND WE ARE NOW FUCKED , SO THE ELITES WANT SOME SORT OF SOCIALIST MANAGMENT FOR THERE WESTERN COUNTRIES AS THATS A SIGN OF POOR GROWTH FOR THE FUTURE AS THE ELITES ARE GOING TO BE RAISEING LESS MONEY FROM THE BOND MARKET AS WE ARE IN TOO MUCH DEBT TO SEE ANY MORE GOOD TIMES , SO THERE GOING TO FOCUS THERE ATTENTIONS TO THE NEW EMERGING MARKETS LIKE CHINA , INDIA , BRAZIL WERE THEY CAN OVER LEVERAGE THERE COUNTRIES FOR THE NEXT 50 YEARS AND THEY WILL CHANGE THERE GOVERNMENT POLICIES TO SUIT CAPITALISM , AND THATS HOW THE GAMES PLAYED , GOVERNMENTS ARE MANAGED BASED ON GDP , THE BETTER GDP THE LESS LAWS AND REGULATIONS , AND THATS WHY POOR NATIONS HAVE TYRANICAL POLICIES , ALL THIS BREXIT NONSENSE ,AND TRUMP IS JUST GOING TO BE THE PATSY PLANNED TO BLAME FOR THE NEXT RECESSION TO BE SPOON FED TO THE MASSES , WHEN THE INSIDERS KNOW ITS SIMPLY CAUSED WHEN THE STOCK MARKET SELLS OFF THEN BUYS BACK THE STOCK AT BARGAIN PRICE !!!!

  82. TheHotcrumbs
    TheHotcrumbs September 10, 2019

    THE CONTROLLERS OF BOND MARKETS RULE EVERY NATION AND THATS WERE EVERY PUPPET LEADER HAS TO GO BEGGING TOO FOR LOANS !!!!

  83. Ya Ya mon
    Ya Ya mon September 10, 2019

    Labour 👀🤣🤣🤣🤣

  84. Louis Realff
    Louis Realff September 10, 2019

    I don’t get the comment criticising this video, it seems pretty balanced to me. It just shows when the comment claim it’s biased to both sides

  85. Jeremy Corbyn
    Jeremy Corbyn September 10, 2019

    The Defence industry only progresses and innovate under 2 conditions one if they are privately owned or if we are at war! Which do you want?

  86. Dave Cross
    Dave Cross September 10, 2019

    Here we go. Election hasn’t even started yet and the anti labour stuff is happening already. It’s Ed Miliband all over again. If you think that Boris Johnson and a bunch of hard right tories is the better option you need your head seeing to.

    I’d just like to qualify this by saying I’m not a corbynista. I would have much preferred labour how it used to be, but against this government? No competition.

  87. Augustuvi Primce dea.V.
    Augustuvi Primce dea.V. September 10, 2019

    What a Labour government would mean for conglomerate business?
    devastation
    what a Labour government would mean for 3-25 people small business?
    salvation

  88. Robert Brown
    Robert Brown September 10, 2019

    Bankruptcy is what it would mean.

  89. Robert Brown
    Robert Brown September 10, 2019

    Dianne Abbott is the brains behind Labour, nothing could go wrong……….could it ???

  90. Ian Houston
    Ian Houston September 10, 2019

    OOOH No its Commersar Corbynov in the Jezzer Fried Chicken Shop

  91. A A
    A A September 11, 2019

    Hatchet job by finically right wing organisation.

  92. Charlie quinn
    Charlie quinn September 11, 2019

    Such a radical
    Make everyone pay tax instead of just the British people forking out mainly because businesses don't pay their workers enough to live
    If there wasn't millions of 0 hour contracts, where people earn 8 quid an hour. People wouldn't get tax credits, tax credits are a subsidy so businesses don't have to pay staff enough to live on. We pay people's wages because these businesses WONT!
    Imagine EVERYONE earning enough to afford a house AND food…
    Woah. Visionary.
    We want our railways back as well you useless fuckers. You've had lots of time to sort it. You've put profit above the British people. You can't be trusted, you're not responsible enough or innovative enough to run 21st century train lines. We're having them back!!
    Economists say that Jeremy's domestic policy is the ONLY way the British people won't suffer a drop in their standard of living.
    That's some post modern neo Marxist irony RIGHT THERE. Lol.
    That must be blood boiling for the entire media and political establishment who want him to be gone and forgotten about, but can't dent his domestic policy is INCREDIBLE,they were hoping to brainwash people, drive him out, then no one will mention the British owning British institutions again. The Chinese and Russians can carry on buying up every bit of land.. its Genius. It's treason..but it's still genius

  93. Jack Ryan
    Jack Ryan September 11, 2019

    Take a look at Venezuela if you want to see what the UK will look like under Corbyn.

  94. tpmbe
    tpmbe September 11, 2019

    Come on people …look at Labour…. we cannot let them wreck our Brexit and our democracy… they used to be for the People… but no longer… we need to get aligned with Brexit and exit on 31st October….. these people will be forgotten in a years time ….they are only struggling for their own interest and survival

  95. Taurox
    Taurox September 11, 2019

    If they win the next election, I'm moving to the US. I want to live in a country where the fruits of my hard work are not ripped off me in an act of state-sanctioned theft.

  96. 51st state
    51st state September 11, 2019

    Corbyn the clown 😂😂😂😂

  97. Cristiano Ronaldo Fan
    Cristiano Ronaldo Fan September 11, 2019

    Labour gonna lose many, many seats in the next general election, only pedos and freaks will be voting for them

  98. Lynne Allen
    Lynne Allen September 11, 2019

    John McDonnell will be a breath of fresh air as Chancellor. The Rabid Right Wing have had their day. The more sites like yours try to put people off voting Labour the more people will vote for them. We all know who owns the press and whose interest they serve.

  99. Benus Maximus
    Benus Maximus September 11, 2019

    Socialism. Doesn't. Work.

  100. Monty
    Monty September 11, 2019

    Forgot to mention payback for the Unions / momentum can I suggest 100 million? Tell joe public it’s for training purposes , it worked last time ,

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