Tuesday 3 December 2019 / 10:30 PM Economy / John McDonnell

Labour will end rip-off Britain with a Government that is on your side

In a major speech in Birmingham tomorrow (Wednesday), three weeks before Christmas, John McDonnell, Labour’s Shadow Chancellor, will tomorrow pose the question:

“It’s three weeks to Christmas. This week the Channel 4 Dispatches programme reported on the reality of rising child poverty, a new Shelter report found 135,000 children will be without a home this Christmas, and an analysis by the Equality Trust shows the UK’s six richest people control as much wealth as the poorest 13 million. With children going hungry and homeless are we really living up to the values of Christianity or any other of our religions or beliefs for that matter?”

His intervention comes as Labour reveals new research showing that most households have also been hit by the rising cost of living under the Conservatives.

The failure of the Conservatives to curb rising bills has cost families nearly £6,000 a year since 2010.

John McDonnell today pledges to be a Chancellor who is on your side.

In a major speech, the Shadow Chancellor is asking to be judged not just on the public finances but on household finances too.

Labour’s plan for real change could save families over £6,700 a year.

Labour will take action to rebalance power and wealth to end rip-off Britain by taking energy, water and rail into public ownership, raising the minimum wage to a real living wage, and extending universal basic services


John McDonnell, Labour’s Shadow Chancellor, speaking in Birmingham, will say:

“As Chancellor I want to ensure government has sound finances, but I want more than that. I want every family, every household in Britain to have sound finances.

“That means putting a stop to rip-off Britain and making real change so that people are not powerless in the face of profiteering monopolies, bad bosses at work and cast aside by a government that just stands by.

“Judge me on the public finances, but judge me too on the money in your pocket. You deserve better, and you will be better off under Labour. Where the Tories have failed, a Labour government will be on your side.”