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Author: BAGEHOT
Labour’s annual conference has been largely John McDonnell’s so far. The shadow chancellor didn’t just deliver today’s keynote in the main hall. He was everywhere in the media and on the fringe. And rightfully so. Mr McDonnell has offered Labour the closest thing to a radical new idea: forcing companies to offer their employees shares worth about 10 per cent of their value.
McDonnell’s speech was hardly a triumphant one. His voice began to weaken (he repeated Theresa May’s mistake of giving too many interviews on the big day, but without such disastrous consequences). He praised Jeremy Corbyn for standing up to “attacks” on anti-Semitism in the media in a Trumpian media-bashing manner. He raised the issue of Brexit but said nothing interesting beyond Labour’s desire for a general election (“Bring it on” prompted predictable applause). By the end of his speech, he was exhausted. But it did give us some idea of how the man who is likely to be Britain’s next chancellor sees the world.
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