Jeremy Corbyn takes aim at the rich: 'You are on borrowed time because Labour is COMING'

Authored by express.co.uk and submitted by ManiaforBeatles
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The Labour leader said the "poorest and most vulnerable" had been forced to pay the price for the 2008 financial crash. During a fiery speech at a rally at the World Transformed Festival, Mr Corbyn said that winning an election is "not going to be easy" but hailed the power of "popular movements coming together". Mr Corbyn promised major change if he is elected in to Number 10. MORE: LABOUR CONFERENCE LIVE

He was given a rapturous welcome at the festival, organised by the Momentum movement which backs his leadership. Jeremy Corbyn told the audience in Liverpool: "Challenging neoliberal economics is fundamental to what we believe in. "Austerity has been meted out on the poorest and most vulnerable people in our society. "They are the ones who paid the price of the banking crisis of 2008, all the time the very richest in our society have had tax breaks, giveaways and tax havens.

Labour news: Jeremy Corbyn took aim at the rich during his speech in Liverpool

Labour news: Corbyn said a Labour government is 'coming'

I tell you what: they are on borrowed time because a Labour government is coming Jeremy Corbyn

"I tell you what: they are on borrowed time because a Labour government is coming." His speech comes after Labour launched a radical plan to require private companies to hand over a 10 per cent share of their equity to workers. Unveiling the scheme at the party's national conference in Liverpool, shadow chancellor John McDonnell said it could net almost 11 million workers up to £500 a year each. But additional income would be capped at that level, with any further dividends going to a national fund to pay for public services and welfare, in an effective new levy on private business worth an estimated £2.1 billion a year.

Labour news: Jeremy Corbyn took aim at the wealthy for tax breaks and offshore havens

ryuzaki49 on September 24th, 2018 at 15:46 UTC »

10% share of their equity to workers.

Here in Mexico we have a similar thing. And, some employers respect it, others "outsource" their employees to non-profitable companies.

It all comes down to whether you are skilled enough so you can select which company you want to work for.

keithybabes on September 24th, 2018 at 15:24 UTC »

He should nationalise JK Rowling; she generates billions. With a suitable management plan, she could churn out 12 books a year and generate enough to give all the workers in the country £500 each. And they could buy the books and still have a bit left over. Labour needs creative ideas like this, and I offer it for nothing, though I might put the thinking time down as a tax deductible.

TearofLyys on September 24th, 2018 at 12:22 UTC »

Given how much turnover organizations have, how would that even work?