John McDonnell

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Last quote by John McDonnell

Can the minister give us some more specific details about what steps are being taken to address this scandal and can we have the assurance there will be the potential of opening up criminal proceedings to break up what is effectively a criminal network? And can the government also undertake it will not as it has in the past with HSBC attempt to intervene with criminal or other investigations taking place elsewhere in the world?
Mar 21 2017 HSBC Bank
John McDonnell has been quoted 32 times. The one recent article where John McDonnell has been quoted is Labour would grab 20 per cent of assets from Britain's richest people if elected. Most recently, John McDonnell was quoted as having said, “If you took Greg Philo's idea of a wealth tax, where you put 20 per cent tax on the highest- the wealthiest 10 per cent of this country - the wealthiest 10 per cent own £4,000 billion. If you took 20 per cent of that you would then have £800 million and we could tackle our deficit - we could tackle our debt - four fifths of our debt would then be wiped out. So we're saying just collect the money and make those who created the crisis pay for the crisis and that way you overcome it.”.
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John McDonnell quotes

Jeremy Corbyn is trying to transform our society so that it is radically more equal, radically more fair, radically more democratic. The whole media establishment [is] owned by people whose power is entrenched. They are trying to destroy a socialist who is trying to transfer power from the establishment to the people. That is their job to do. The oligarchs are protecting their power base.

That's been a distraction. The various elements that have been coming at us, both in terms of the media, the briefings against us, that sort of thing.

In the real world, all of a sudden, NHS in crisis, patients on trolleys, social care nightmare, school budgets cut for the first time since the 1970s, prisons in riots. You look across the whole of the public sector and it's imploded.

These figures are mostly seasonal or the result of the lapsing of members who joined last summer and were unable to vote in the leadership election. But Labour is now the largest party in western Europe and that is because people have joined Labour in record numbers under Jeremy Corbyn's leadership, which is something other parties can only dream of matching.

Peter and I worked for the TUC in our youth. Though perhaps we learned different lessons from the experience.

Sneaking out an announcement asking departments to model cuts of 3% and 6% for 2019/20 is no way to manage public spending.

Tory (Conservative) cabinet members are looking to cook up special deals for their friends in the City of London. They want a 'Bankers' Brexit', in the interests of an elite few, not the majority.

What happened was with the leak of the Panama Papers, we discovered just how the integral links between companies and the City of London and tax evasion, and that's unacceptable. So what we want to do is make sure there's proper enforcement and actually make sure we have a proper legislative base. What's interesting in the City now is that's what a lot of people are saying as well. The good do not want to be brought down by the bad.

What we want to do is make sure we have an economy that's prosperous, but it's got to be fair as well.

There's a new atmosphere now abroad both in terms of business and in terms of the general public that there needs to be more openness and transparency.

A lot of people's grievances are coming out and we have got to start listening to them.

There needs to be care about how they arrive at levels of pay and bonuses themselves.

I just caution people within the banking sector that never again should they want to endure the opprobrium that they had after 2008.

Nothing substantive has changed, the same failed institutions we had before the crash, I believe are all set to fail again. Labour will take a different approach … We will look at ways to break up these failing monopolies and promote alternative sources of finance.

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