Labour Party conference live: John McDonnell vows tax drive against Starbucks, Amazon, Google and other multinationals
The Labour party is meeting for its annual conference in Brighton
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Labour's new shadow Chancellor John McDonnell has promised a review of all tax policies in the UK at the party's conference in Brighton.
Here are the latest updates
- McDonnell announces tax crackdown on multinationals
- 'A new politics needs a new economics', McDonnell says
- Corbyn announces plan to scrap flat tax on inheritance
- Jeremy Corbyn's son Seb appointed McDonnell's chief of staff
- Corbyn gives first big political interview on Marr - and people love it
- Labour leader loses the battle with his party over Trident
Speaking on Monday morning, Mr McDonnell also announced that he wanted to review the remit of the Bank of England.
He insisted he did not want to take back government control of the Bank, but was critical of its record on inflation.
He dismissed as "fantasy" Conservative claims that he was planning "damaging tax rises on jobs, investment and earnings", insisting Labour's focus was on growing the economy, making sure corporations paid their taxes and halting Tory tax cuts for the rich.
The review being launched in his first major speech as shadow chancellor, at Labour's Brighton conference, will draw on all strands of opinion among the party's MPs and members, he said. And the general public will be invited to have their say.
Mr McDonnell predicted "heavy debates" and "dissent" as new policies are drawn up, but insisted that this would not mean the party was split, warning: "Don't confuse democracy with disunity."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments