26 September 2016

Full speech: John McDonnell’s new, socialist economic policy to include a Living Wage Review

Floating a £10 an hour Living Wage and the possibility of Universal Basic Income, the Shadow Chancellor told the audience at Labour party conference they no longer have to "whisper" the word socialism. Read McDonnell's speech below.

By New Statesman

Now the leadership election is over, I tell you, we have to become a government in waiting. An election could come at any time. Theresa May has said that she will not be calling an early election, but when could anyone trust a Tory leader?

We have to prepare ourselves not just for fighting an election but for moving into Government. To do that successfully we have to have the policies and the plans for their detailed implementation on the shelf, in place for when we enter government whenever that election comes.