Friday 20 January 2017 / 3:20 PM 2017 Press Archive / The Latest from Labour

Another day and another glimpse at the future for our country under a Tory Brexit – John McDonnell

John
McDonnell MP, Labour’s Shadow Chancellor,
responding to Philip
Hammond’s warning again today in Davos that a Tory Brexit could mean turning
the UK into a ‘Tax Haven’, said:

“Another
day, and another glimpse at the future for our country under a Tory Brexit. It
is becoming clearer and clearer by the day that the only plan the Tories have
for our country involves attempts to turn it into a tax haven. On Tuesday the
Prime Minister said that a Tory Brexit deal would take two years, and by Friday
her Chancellor is now saying that the deadline is meaningless.

“Despite
the Prime Minister’s pretence at having a plan, the truth is that she is making
it up as she goes along. And her Chancellor’s only option is to threaten to
inflict on our country the worst possible alternative for our economy and the
public finances by turning us into a tax haven off the coast of Europe.

“When
Philip Hammond makes these statements the next question the Chancellor has to
answer is, if he wants to further slash corporation tax rates, how will our
country fund our NHS and social care that are in crisis after six years of Tory
Austerity?

“It seems
clear that the Tories only plan for Brexit involves writing a blank cheque for
big business paid for by the British people.”