This week the FT will be examining the impact of a potential Corbyn government on UK economy, exploring the intellectual underpinnings of Corbynism and examining the feasibility and price tag of the planned reforms.
Here’s the first instalment....
tonight’s news story 1:
John McDonnell wants a new right-to-buy for private tenants to purchase the home they live in at discount to market rent....radical attempt to turn tide on buy-to-let investors squeezing out first time buyers in the last decade
tonight’s news story 2:
Labour last year launched plan to take 10% of shares in every large UK company and hand them to workers
We’ve done the maths: a £300bn assault on shareholders = one of the biggest ever state raids on private sector in the West
the point of this series is not to praise nor bury Corbyn/McDonnell but to step up the reporting on what a Labour government would actually do
here’s tonight’s @FT splash
those asking “why analyse the unlikely?” remind me of those who said Trump could never become President etc
today’s news story
The next Labour government will have to find at least £26bn in new tax rises if it wants to end austerity, invest in infrastructure, reverse social security cuts and live within its own budgetary rules, according to @FT research.
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