Jeremy Corbyn to Morgan Stanley: “Yes, we are a threat to a damaging and failed system”

02.12.2017 - London, United Kingdom - Pressenza London

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Jeremy Corbyn to Morgan Stanley: “Yes, we are a threat to a damaging and failed system”

After Morgan Stanley warned that a Labour government could pose as much of a risk to British business as Brexit, Jeremy Corbyn posted a video in in his Facebook page saying that the investment bank was right to consider them a threat.

“Bankers like Morgan Stanley should not run our country, but they think they do, because the party they fund and protect their interests, the Conservative Party, is in Downing Street.

That’s why they want to keep the Tories there, because their rigged economy and their tax cuts for the richest work for them.

These are the same speculators and gamblers that crashed our economy in 2008 and then we had to bail them out. Their greed had plunged the world into crisis and we are still paying the price, because the Tories used the aftermath of the financial crisis to push through unnecessary and deeply damaging austerity.

That’s meant a crisis in our public services, falling wages and the longest decline in living standards for over 60 years. Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses.

Labour is a growing movement of well over half a million members and a government-in-waiting that will work for the many. So when they say we’re a threat, they’re right. We’re a threat to a damaging and failed system that’s rigged for the few.”

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