What on Earth makes Mr McDonnell believe the UK Financial Sector is in need of a “new start” – especially one that might be offered by a Labour government. It seems to be doing quite alright with the old start it was given by Mrs Thatcher in 1986.
In his address he said this:
“And you in the City will not only get a good return from the investment you will make in our programme, but what we will also deliver for you is a society you can be proud to live in and will provide the quality of life your families desire."
I’m sure the City Bankers will be heading off in their droves in four year’s time to vote in a Labour government which will improve the quality of their families’ lives so greatly.
Apparently, Clive Lewis, Labour's former shadow defence and business secretary - has joined Mr McDonnell's team to focus on "environmental economics". The shadow chancellor said his remit would be to "drive the climate change issue into the heart of Treasury policy making, and therefore into the centre of government policy making". Mr Lewis will also undertake a countrywide policy tour on the issue, Mr McDonnell added, saying a Labour government would "take an active lead in managing the economic risks of climate change".
Yes, I can imagine the Bankers are booking their places to hear Mr Lewis on his tour even as we speak!