Corbyn Says It's Right to Plan for Run on Pound If Labour Wins
- McDonnell said Labour government could face capital flight
- Labour leader says party is serious about gaining power
John McDonnell
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
U.K. Labour leader Jeremy Corbyn agrees with finance spokesman, John McDonnell: The main opposition party should prepare for a run on the pound and capital flight from Britain should it take power.
“John is right to look at all these scenarios because if we’re going to move into government we need to know what we’re going to do,” Corbyn told BBC Television at the party’s annual conference Tuesday. “Surely that’s what an opposition serious about getting into government wants to do.”