• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home News

McDonnell accuses Hammond of Brexit ‘cowardice’

The Shadow Chancellor, John McDonnell has said that the Chancellor has shown “cowardice” over Brexit. McDonnell claims Philip Hammond could have done more to ensure Brexit isn’t hugely damaging to the economy. He made the comments at a speech at Bloomberg today. McDonnell said: “The position of the chancellor of the exchequer comes with a […]

Joe Mellor by Joe Mellor
2019-03-11 15:34
in News, Politics
FacebookTwitterLinkedinEmailWhatsapp

The Shadow Chancellor, John McDonnell has said that the Chancellor has shown “cowardice” over Brexit. McDonnell claims Philip Hammond could have done more to ensure Brexit isn’t hugely damaging to the economy.

He made the comments at a speech at Bloomberg today. McDonnell said: “The position of the chancellor of the exchequer comes with a responsibility which I think Philip Hammond actually has abdicated in his current role. If Brexit ends up leading to even half of what the government’s own forecasts suggest could happen, I think history will judge harshly the few who could have prevented and averted this potential disaster and did so little.”

He continued: “I think all this was avoidable were it not for the political weakness and yes, these are strong words, the cowardice of the chancellor of the exchequer.

“Failure to stand up for our economy and failure to stand up for the interests of our country.

“And whatever happens with Brexit, that’s damage to people’s lives that cannot be undone.”

He pulled no punches when commenting on Hammond’s reluctance to not rule out a no-deal Brexit. McDonnell said: We’re on the verge of a no-deal Brexit which could decimate British industry and bring about – in the words of the Bank of England – a worse economic catastrophe than the financial crisis ten years ago.

“Philip Hammond has repeatedly spoken about the dangers of a no-deal Brexit. But here we are, a couple of weeks away from one, and all he has to show for his high office is words. Can you imagine Rab Butler, Nigel Lawson or Ken Clarke allowing their Cabinet colleagues to best them in this way? Let alone Hugh Gaitskell, Denis Healey or Gordon Brown?”

RelatedPosts

‘Putin now KNOWS he is losing the war’ – Ex-Russian PM drops bombshell

Picture of Rees-Mogg’s desk shows he doesn’t use a computer – and nobody is surprised

Piers Morgan dubs Eurovision contest a ‘rigged farce’ following Ukraine win

Putin likely to have lost a third of his invasion force, says MoD

Jeremy Hunt reportedly holding secret breakfast meetings with ministers as he plots to oust May

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Weather forecast, alerts and UVB index for London, Thursday 18 February 2021

Corbyn laments ‘disappointing’ result as Labour leadership wins key NEC vote

Set For Life Results for Monday 20 September 2021 Tonight’s winning numbers

EU calls for more data from online platforms in fight against fake news

Are English Wine Drinkers Developing an Identity?

Anger as No 10 insists PM did not mislead MPs…despite Met finding law was broken

Rise Against Announce Intimate Show at Garage, London

Beer of the Week: UnBarred Cold Pressed Summer Stout

Can You Riddle These Festive Graphic Puzzles?

Escape to: Yorkshire

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.