Over lunch with the Financial Times, John McDonnell fired a warning shot over bankers’ “grotesque” bonuses this weekend, pledging a consultation on ways to limit the size of payouts. “It’s become part of the [City] culture and it is so separate and distinct and isolated from the rest of the real-world economy and that’s why people are offended by it,” said the Shadow Chancellor, who is looking at options ranging…

Labour will be on an election footing this autumn, with a well thought out strategy ready for financial reform, the Shadow Chancellor told Labour in the City’s summer reception. “Anything can happen,” said John McDonnell, referring to the imminent appointment of a new Prime Minister. He urged financial institutions to work with him to develop plans that will work effectively to reform the economy. The Shadow Chancellor and Jonathan Reynolds,…

The Labour Business Fringe at this year’s Labour Annual Conference is being co-sponsored by Labour in the City and the Industry Forum. Speakers include John McDonnell, Shadow Chancellor, and Rebecca Long-Bailey, the Shadow Chief Secretary to the Treasury, and our own Chair, Kitty Ussher. Attendance is free, and refreshments will be provided.