John McDonnell admits fiscal charter U-turn ‘confused’ Labour MPs ahead of party rebellion – Live – Telegraph

This Telegraph exclusive shares how Jeremy Corbyn was forced to back down just hours after threatening to sack shadow ministers who refused to oppose George Osborne‘s fiscal charter.

Source: John McDonnell admits fiscal charter U-turn ‘confused’ Labour MPs ahead of party rebellion – Live – Telegraph

This is an insightful article. It also highlights the risk of the hard-left, Labour Party leader, Jeremy Corbyn doing further damage to the UK during a state visit from China’s president next week. Let’s hope that Corbyn is given a hand to tie his bow-tie for the Queen’s state banquet.

Corbynism is already damaging UK interests with loss of military sales. Soon financial markets will start to factor in the ‘Corbyn Risk’ to financial projections and asset prices.

Thoughts?

The Left-wing brains behind Corbynomics: Meet the radical thinkers who will steer Labour plans | Daily Mail Online

Jeremy Corbyn

Jeremy Corbyn (Photo credit: Wikipedia)

According to this interesting article from the UK’s Daily Mail, a team of Left-wing economists has been chosen to advise socialist Labour leader Jeremy Corbyn and his Marxist shadow chancellor, John McDonnell as they seek to gain credibility.

Some of these liberal economists are world-famous, so it will be interesting to see what transpires. Of course, there will be a major difference between the economics and the politics. Corbyn himself is not strong on economics and as for Marxist shadow chancellor John McDonnell, I fear that he could easily destroy the UK’s economic strength by just opening his mouth.

Any thoughts on Corbynomics?