McDonnell challenges Javid to rule out tax cuts and light touch regulation for the finance sector
John McDonnell MP, Labour’s Shadow Chancellor, has challenged Chancellor Sajid Javid to rule out tax cuts and light touch regulation for the finance sector.
Labour’s McDonnell made the call, ahead of Wednesday’s spending round at Westminster.
John McDonnell said:
“I am staggered that the bankers are lobbying Javid for tax cuts and deregulation.
“Obviously with Johnson as Prime Minister they know they have a friend willing to line their pockets.
“They have a real front after our people have suffered more than nine years of austerity, as a result of the financial crash, caused by the irresponsibility and greed of the bankers.
“I am calling on Sajid Javid to send them packing and to prevent them getting their noses in the trough.”
Notes to Editors
- Financiers press for tax cuts and lighter City regulation https://www.ft.com/content/5522d326-cd9e-11e9-b018-ca4456540ea6
- John McDonnell has written to Prime Minister Boris Johnson asking him to investigate Chancellor Sajid Javid’s role in financial misconduct. https://labour.org.uk/press/shadow-chancellor-john-mcdonnell-asks-prime-minister-investigate-chancellor-sajid-javids-role-financial-misconduct/