You are reading a single comment by @amey and its replies. Click here to read the full conversation.
  • That whole Mandelson story is going to undermine starmer's 'pro business' vision that he just presented. Would like to know more about British Recovery Bond.

    Genuine question; why did the businesses think corbyn/mcdonnell were anti-business?

    Also if this was a speech for budget why did the shadow chancellor not present it?

  • Stuff like this I guess
    https://www.theguardian.com/business/2018/sep/24/how-would-labour-plan-to-give-workers-10-stake-in-big-firms-work
    Obviously a number of businesses are owned by very rich people so there is a blurring between anti-business and anti-very rich people.

  • Genuine question; why did the businesses think corbyn/mcdonnell were anti-business?

    McDonnell's initial approach to the economy wasn't too far off what Starmer proposes this morning (a kind of hand in hand, consent based relationship with business, but one based on businesses paying their taxes and treating employees fairly as part of a social contract with workers), but the broadband policy was extremely hostile to business. The idea of buying Openreach for a quarter of market value, then improvising doing the same thing on the hoof to Sky, Talk Talk, etc on Radio Four, was extremely damaging and actually counter productive (many ISPs halted their full fibre rollout as a result of that interview). I think John McDonnell is a good guy and had a good plan, but when we torpedoed our credibility with the 2019 manifesto, we did so comprehensively.

    Also if this was a speech for budget why did the shadow chancellor not present it?

    Didn't you watch it? It's not a speech for budget, it's a speech for big vision, which includes elements from social policy, budgetary approach, etc. As it happens the shad chancellor HAS been saying this stuff for a month or so to the financial papers so this is really not an announcement so much as a promotion.

About

Avatar for amey @amey started