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| Version 0 | Version 1 |
|---|---|
| John McDonnell to warn against 'bankers' Brexit' | John McDonnell to warn against 'bankers' Brexit' |
| (about 5 hours later) | |
| Labour is to warn the government against carrying out a "bankers' Brexit", urging it not to ignore the needs of small businesses. | Labour is to warn the government against carrying out a "bankers' Brexit", urging it not to ignore the needs of small businesses. |
| Shadow chancellor John McDonnell will say ministers want to turn the UK into the "Singapore of the North Atlantic", offering "low taxes for the few". | Shadow chancellor John McDonnell will say ministers want to turn the UK into the "Singapore of the North Atlantic", offering "low taxes for the few". |
| He will also raise concerns that "hard-won" employment rights are at risk. | He will also raise concerns that "hard-won" employment rights are at risk. |
| Prime Minister Theresa May has promised a Brexit deal "that is right for the UK". | Prime Minister Theresa May has promised a Brexit deal "that is right for the UK". |
| The government has said it will trigger Article 50 of the Lisbon Treaty - getting formal exit talks with the European Union under way - by the end of March next year. | The government has said it will trigger Article 50 of the Lisbon Treaty - getting formal exit talks with the European Union under way - by the end of March next year. |
| Ministers say they will not provide a "running commentary" and that their negotiating stance will not be revealed until nearer that date. | Ministers say they will not provide a "running commentary" and that their negotiating stance will not be revealed until nearer that date. |
| Mr McDonnell, in a speech to the Institution of Mechanical Engineers in London on Thursday, will argue that Mrs May could decide to create a "bankers' Brexit at the expense of the rest of the overall economy". | Mr McDonnell, in a speech to the Institution of Mechanical Engineers in London on Thursday, will argue that Mrs May could decide to create a "bankers' Brexit at the expense of the rest of the overall economy". |
| He will add that it is impossible to "take on blind trust that she will seek a Brexit deal that benefits everyone in our country and not just Tory special interests". | He will add that it is impossible to "take on blind trust that she will seek a Brexit deal that benefits everyone in our country and not just Tory special interests". |
| 'Division and incompetence' | |
| Describing government preparations for negotiations as "shambolic", he will say: "Already, Tory cabinet ministers are looking to cook up special deals for their friends in the City of London, while Tory backbenchers want to attack hard-won workplace rights. | Describing government preparations for negotiations as "shambolic", he will say: "Already, Tory cabinet ministers are looking to cook up special deals for their friends in the City of London, while Tory backbenchers want to attack hard-won workplace rights. |
| "They'll cut a deal for finance, but ignore our small businesses and manufacturers." | "They'll cut a deal for finance, but ignore our small businesses and manufacturers." |
| Mr McDonnell will add: "They want to turn Britain into a Singapore of the North Atlantic - not because they want to match the huge public housing provision that country offers for the many, but because they want to match the low taxes for the few." | Mr McDonnell will add: "They want to turn Britain into a Singapore of the North Atlantic - not because they want to match the huge public housing provision that country offers for the many, but because they want to match the low taxes for the few." |
| Reacting to Mr McDonnell's comments, David Gauke, chief secretary to the Treasury, said: "All Labour can offer the British people is division and incompetence. | Reacting to Mr McDonnell's comments, David Gauke, chief secretary to the Treasury, said: "All Labour can offer the British people is division and incompetence. |
| "They don't believe Britain can thrive outside the EU - and after the economic mess they left behind last time, no-one should ever trust them again with the economy. | "They don't believe Britain can thrive outside the EU - and after the economic mess they left behind last time, no-one should ever trust them again with the economy. |
| "The Conservative Party will deliver the right deal for the whole United Kingdom as we leave the EU and build an economy that works for everyone here at home." | "The Conservative Party will deliver the right deal for the whole United Kingdom as we leave the EU and build an economy that works for everyone here at home." |
| Mrs May has promised to make Brexit "as smooth as possible" for the UK, adding that, with employment at a record high and inflation at a record low, the UK is in a good position. | Mrs May has promised to make Brexit "as smooth as possible" for the UK, adding that, with employment at a record high and inflation at a record low, the UK is in a good position. |
| She added: "What matters is that we are clear about the deal we want to get for the British people. That's the right deal, a deal that ensures that British businesses have the maximum opportunity to trade with and operate within the European Union." | She added: "What matters is that we are clear about the deal we want to get for the British people. That's the right deal, a deal that ensures that British businesses have the maximum opportunity to trade with and operate within the European Union." |