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You can find the current article at its original source at https://www.theguardian.com/politics/live/2016/oct/27/labour-to-warn-theresa-may-against-bankers-brexit-politics-live
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| Labour warns Theresa May against 'bankers' Brexit' - Politics live | |
| (35 minutes later) | |
| 11.44am BST | |
| 11:44 | |
| McDonnell is – I assume – still speaking, but I still don’t have a copy of what he has said from his people. | |
| In other news, here’s our latest takes on the GDP figures and the Nissan announcement. | |
| 11.29am BST | |
| 11:29 | |
| Sky News, the only channel showing the John McDonnell speech live, has cut away from it to bring more reaction to the Nissan deal. You have to wonder if that was deliberate timing on the part of the government. His press people have yet to send me the text of the speech – I’ll give more extracts when I can. | |
| My colleague, Jessica Elgot, is there. | |
| John McDonnell speech at Institute of Directors - says Tory right pursuing a "scorched earth" policy on Brexit which risks jobs & growth pic.twitter.com/WGkruFvAP9 | |
| McDonnell has also said breakfast instead of Brexit three times which is a bit distracting | |
| 11.23am BST | |
| 11:23 | |
| McDonnell: government wants to make UK "Singapore of the north Atlantic” | |
| McDonnell is talking about how, he says, many voters felt economically left behind, which in part prompted the Brexit vote. Labour cannot seek to “wind the clock back” to an idyllic pre-referendum past which never existed, he warns. | |
| He then outlines what he calls a “nightmare vision” of some Conservatives who, he says, seek to turn the UK after Brexit as a low-tax, low-regulation economy. | |
| McDonnell says the government wants to make the UK “a Singapore of the north Atlantic”, and says many Tory voters do not share such aims: | |
| They don’t want the bankers’ Brexit any more than I do. | |
| In contrast, he says, Labour would seek a “people’s Brexit for the many”. | |
| 11.17am BST | 11.17am BST |
| 11:17 | 11:17 |
| PM calls Nissan announcement "fantastic news" | PM calls Nissan announcement "fantastic news" |
| To break off briefly from McDonnell, Theresa May has just released a statement on Nissan’s decision to commit to manufacturing in Sunderland: | To break off briefly from McDonnell, Theresa May has just released a statement on Nissan’s decision to commit to manufacturing in Sunderland: |
| This is fantastic news for the UK. Nissan is at the heart of this country’s strong automotive industry and so I welcome their decision to produce the Qashqai and a new model at their Sunderland plant. | This is fantastic news for the UK. Nissan is at the heart of this country’s strong automotive industry and so I welcome their decision to produce the Qashqai and a new model at their Sunderland plant. |
| It is a recognition that the government is committed to creating and supporting the right conditions for the automotive industry so it continues to grow, now and in the future. | It is a recognition that the government is committed to creating and supporting the right conditions for the automotive industry so it continues to grow, now and in the future. |
| This vote of confidence shows Britain is open for business and that we remain an outward-looking, world-leading nation. | This vote of confidence shows Britain is open for business and that we remain an outward-looking, world-leading nation. |
| 11.14am BST | 11.14am BST |
| 11:14 | 11:14 |
| John McDonnell has begun his speech in central London. He has outlined Labour’s insistence that the Bank of England must stay independent. | John McDonnell has begun his speech in central London. He has outlined Labour’s insistence that the Bank of England must stay independent. |
| He is now explaining Labour’s response to Brexit, and begins by saying that the party has to accept the referendum: | He is now explaining Labour’s response to Brexit, and begins by saying that the party has to accept the referendum: |
| We should not pretend that the result should be undone. | We should not pretend that the result should be undone. |
| 11.10am BST | 11.10am BST |
| 11:10 | 11:10 |
| More good post-Brexit economic news on our Business Live blog – it seems that Nissan is about to confirm it will build two models, the Qashqai and X-Trail, at its plant in Sunderland. This followed worries expressed by the Japanese auto giant about the prospects for UK manufacturing after the country left the EU. | More good post-Brexit economic news on our Business Live blog – it seems that Nissan is about to confirm it will build two models, the Qashqai and X-Trail, at its plant in Sunderland. This followed worries expressed by the Japanese auto giant about the prospects for UK manufacturing after the country left the EU. |
| As commenters have noted immediately, this would seem to indicate that Nissan has managed to extract from the government some sort of guarantee over compensation if it ends up needing to pay tariffs post-Brexit to export vehicles to the EU. | As commenters have noted immediately, this would seem to indicate that Nissan has managed to extract from the government some sort of guarantee over compensation if it ends up needing to pay tariffs post-Brexit to export vehicles to the EU. |
| Read the full details here: | Read the full details here: |
| 10.54am BST | 10.54am BST |
| 10:54 | 10:54 |
| Attorney general suggests law could be changed in wake of Ched Evans case | Attorney general suggests law could be changed in wake of Ched Evans case |
| The attorney general, Jeremy Wright, has raised the possibility of a change to the law in the wake of the acquittal for rape of Ched Evans, in which the jury at the footballer’s re-trial heard details of the sexual history of his accuser. | The attorney general, Jeremy Wright, has raised the possibility of a change to the law in the wake of the acquittal for rape of Ched Evans, in which the jury at the footballer’s re-trial heard details of the sexual history of his accuser. |
| The case prompted warnings that women might in the future be put off reporting sexual assaults to avoid such inquisitions in court. Jess Phillips and some other female Labour MPs, are seeking a change to the law. | The case prompted warnings that women might in the future be put off reporting sexual assaults to avoid such inquisitions in court. Jess Phillips and some other female Labour MPs, are seeking a change to the law. |
| Speaking about the case at attorney general’s questions in the Commons, Wright said (quotes from PA): | Speaking about the case at attorney general’s questions in the Commons, Wright said (quotes from PA): |
| There is concern here and we need to accept that that concern is sensible and deal with it. | There is concern here and we need to accept that that concern is sensible and deal with it. |
| I think what we need to look at is a number of things. We need to understand more about the decision in this particular case, we need to understand whether a change in the law is appropriate, and if not whether it is sensible to look at the guidance that is given to judges about when this evidence is admissible and the guidance that judges give to juries about how that evidence should be used. | I think what we need to look at is a number of things. We need to understand more about the decision in this particular case, we need to understand whether a change in the law is appropriate, and if not whether it is sensible to look at the guidance that is given to judges about when this evidence is admissible and the guidance that judges give to juries about how that evidence should be used. |
| I think we need to do all of those things before we are in a position to understand what, if any, changes are needed. | I think we need to do all of those things before we are in a position to understand what, if any, changes are needed. |
| 10.46am BST | 10.46am BST |
| 10:46 | 10:46 |
| Michael Gove says running for PM was "a mistake" | Michael Gove says running for PM was "a mistake" |
| Michael Gove has just been interviewed on Sky News, and it’s fair to say that his interrogator, Adam Boulton, quite enjoyed giving the former justice secretary a good kicking. | Michael Gove has just been interviewed on Sky News, and it’s fair to say that his interrogator, Adam Boulton, quite enjoyed giving the former justice secretary a good kicking. |
| Boulton asked Gove if he felt “a prize idiot” for deciding to drop his initial support for Boris Johnson to replace David Cameron so he could run himself, only to finish third in the vote of Tory MPs. Gove conceded he had made some wrong decisions: | Boulton asked Gove if he felt “a prize idiot” for deciding to drop his initial support for Boris Johnson to replace David Cameron so he could run himself, only to finish third in the vote of Tory MPs. Gove conceded he had made some wrong decisions: |
| I made a mistake. I should either have paused before supporting Boris in the way that I did or, having agreed to support Boris, I should have stuck with it. The final thing that I’ve said is that having made that decision not to support him but to run myself, I should probably have presented my case in a different way to the way that I did. | I made a mistake. I should either have paused before supporting Boris in the way that I did or, having agreed to support Boris, I should have stuck with it. The final thing that I’ve said is that having made that decision not to support him but to run myself, I should probably have presented my case in a different way to the way that I did. |
| Boulton, who seemed to be having enormous fun, pressed Gove on which was his worst error, “supporting Boris, knifing Boris or thinking you were fit to be prime minister”. The reply: “Oh, I don’t know” | Boulton, who seemed to be having enormous fun, pressed Gove on which was his worst error, “supporting Boris, knifing Boris or thinking you were fit to be prime minister”. The reply: “Oh, I don’t know” |
| After Gove spoke of his happiness at having played a role in the successful leave campaign, Boulton noted that Johnson, as foreign secretary, now had a much bigger role in shaping Brexit, telling Gove: “That was another cunning plan that misfired, if you like”. | After Gove spoke of his happiness at having played a role in the successful leave campaign, Boulton noted that Johnson, as foreign secretary, now had a much bigger role in shaping Brexit, telling Gove: “That was another cunning plan that misfired, if you like”. |
| Gove finally said: “Of course, I lost, and there you go”. | Gove finally said: “Of course, I lost, and there you go”. |
| As the interview ended and the cameras pulled away, Boulton could be heard exclaiming, “Well, that was fun!” I’m not sure if Gove would agree. | As the interview ended and the cameras pulled away, Boulton could be heard exclaiming, “Well, that was fun!” I’m not sure if Gove would agree. |
| "You must feel a prize idiot": @michaelgove on #ToryLeadership, @BorisJohnson and #Brexit #AOP @adamboultonSKY https://t.co/v9VRMA8ykI | "You must feel a prize idiot": @michaelgove on #ToryLeadership, @BorisJohnson and #Brexit #AOP @adamboultonSKY https://t.co/v9VRMA8ykI |
| 10.18am BST | 10.18am BST |
| 10:18 | 10:18 |
| My colleague Jessica Elgot has been sent another extract from John McDonnell’s upcoming speech – a section about how Labour would promise to protect the independent of the Bank of England: | My colleague Jessica Elgot has been sent another extract from John McDonnell’s upcoming speech – a section about how Labour would promise to protect the independent of the Bank of England: |
| We have seen Conservative backbenchers attack the governor of the Bank of England, followed up by a Conservative prime minister questioning the Bank of England’s independence. | We have seen Conservative backbenchers attack the governor of the Bank of England, followed up by a Conservative prime minister questioning the Bank of England’s independence. |
| Labour gave the Bank of England independence to stop Tory chancellors leaving monetary policy to the whims of their backbenchers. Operational independence for monetary policy, as I’ve made clear in the past, should be sacrosanct. | Labour gave the Bank of England independence to stop Tory chancellors leaving monetary policy to the whims of their backbenchers. Operational independence for monetary policy, as I’ve made clear in the past, should be sacrosanct. |
| Labour will fight any moves by this Tory government to undermine that independence and we will resist attempts to blame the Bank of England for failed Tory economic policy. | Labour will fight any moves by this Tory government to undermine that independence and we will resist attempts to blame the Bank of England for failed Tory economic policy. |
| 10.15am BST | 10.15am BST |
| 10:15 | 10:15 |
| There is likely to be discussion today as to whether the UK could have done more to assist unaccompanied child refugees in the Calais camp, which is now being dismantled by French authorities. Charities expressed alarm last night at teenagers seemingly sleeping rough in Calais, despite authorities’ stated intention to process all people in the camp before it was knocked down. | There is likely to be discussion today as to whether the UK could have done more to assist unaccompanied child refugees in the Calais camp, which is now being dismantled by French authorities. Charities expressed alarm last night at teenagers seemingly sleeping rough in Calais, despite authorities’ stated intention to process all people in the camp before it was knocked down. |
| My colleague Lisa O’Carroll, who is in Calais, has sent this statement from Save the Children: | My colleague Lisa O’Carroll, who is in Calais, has sent this statement from Save the Children: |
| The situation for children in Calais after the demolition is the worst it’s ever been. Vulnerable children slept under bridges, outside warehouses and in the Jungle camp itself, which has become an increasingly volatile environment. | The situation for children in Calais after the demolition is the worst it’s ever been. Vulnerable children slept under bridges, outside warehouses and in the Jungle camp itself, which has become an increasingly volatile environment. |
| Dorothy Sang, a Save the Children aid worker in the camp, said: | Dorothy Sang, a Save the Children aid worker in the camp, said: |
| Last night, we spent hours trying to negotiate a place for three young Eritrean boys – two were 13 years old and the other was 14 years old. Despite their pleading and most of the jungle being burnt to the ground, these boys were refused. They had to spend another night in the Jungle, which is now the most dangerous it has ever been for children. | Last night, we spent hours trying to negotiate a place for three young Eritrean boys – two were 13 years old and the other was 14 years old. Despite their pleading and most of the jungle being burnt to the ground, these boys were refused. They had to spend another night in the Jungle, which is now the most dangerous it has ever been for children. |
| It’s disappointing to see this being reported as a ‘success’ when so many vulnerable children have been left behind and so many more have run away. We may never know where they’ve gone. | It’s disappointing to see this being reported as a ‘success’ when so many vulnerable children have been left behind and so many more have run away. We may never know where they’ve gone. |
| 9.59am BST | 9.59am BST |
| 09:59 | 09:59 |
| Over on our Business Live blog we have full coverage of the news this morning that the economy grew by 0.5% in the three months after the Brexit vote – less than the 0.7% in the preceding quarter, but also more than the 0.3% predicted by many. | Over on our Business Live blog we have full coverage of the news this morning that the economy grew by 0.5% in the three months after the Brexit vote – less than the 0.7% in the preceding quarter, but also more than the 0.3% predicted by many. |
| This is being seen as a sign the economy didn’t suffer much of an immediate “Brexit shock”, though of course it is still early days. | This is being seen as a sign the economy didn’t suffer much of an immediate “Brexit shock”, though of course it is still early days. |
| The chancellor, Philip Hammond, is sounding unsurprisingly bullish at the news, releasing this comment via a tweet. | The chancellor, Philip Hammond, is sounding unsurprisingly bullish at the news, releasing this comment via a tweet. |
| Here's my response to today's @ONS GDP figures. pic.twitter.com/GGdt0UCFkr | Here's my response to today's @ONS GDP figures. pic.twitter.com/GGdt0UCFkr |
| Follow the full reaction with my colleague Graeme Wearden here. | Follow the full reaction with my colleague Graeme Wearden here. |
| 9.51am BST | 9.51am BST |
| 09:51 | 09:51 |
| Business in the Commons has begun with questions to the attorney general (as well as the solicitor general, Robert Buckland, who kicked things off). | Business in the Commons has begun with questions to the attorney general (as well as the solicitor general, Robert Buckland, who kicked things off). |
| Before this the Speaker, John Bercow, took a brief vote on the formality of appointing outgoing Richmond MP Zac Goldsmith – or Frank Zacharias Robin Goldsmith, to use his full name, as Bercow did – as Steward and Bailiff of the Chiltern Hundreds, one of the interim courtesy titles handed to MPs who resign, and moving the writ for the by-election, expected to happen on 1 December. | Before this the Speaker, John Bercow, took a brief vote on the formality of appointing outgoing Richmond MP Zac Goldsmith – or Frank Zacharias Robin Goldsmith, to use his full name, as Bercow did – as Steward and Bailiff of the Chiltern Hundreds, one of the interim courtesy titles handed to MPs who resign, and moving the writ for the by-election, expected to happen on 1 December. |
| Goldsmith, the Conservative MP who stepped down over the plans for a new runway at Heathrow airport, will re-fight the seat as an independent. Liberal Democrats in the west London seat hope to re-take the constituency, in part by seeking to make the by-election a plebiscite on Brexit. | Goldsmith, the Conservative MP who stepped down over the plans for a new runway at Heathrow airport, will re-fight the seat as an independent. Liberal Democrats in the west London seat hope to re-take the constituency, in part by seeking to make the by-election a plebiscite on Brexit. |
| My colleague Alexandra Topping has more on this. | My colleague Alexandra Topping has more on this. |
| Updated | Updated |
| at 10.23am BST | at 10.23am BST |
| 9.29am BST | 9.29am BST |
| 09:29 | 09:29 |
| Among those speaking last night at the annual awards ceremony for the LGBT online newspaper PinkNews was David Mundell, the Scottish secretary, who publicly announced in January that he was gay. Here’s some of what he said, quotes courtesy of PA: | Among those speaking last night at the annual awards ceremony for the LGBT online newspaper PinkNews was David Mundell, the Scottish secretary, who publicly announced in January that he was gay. Here’s some of what he said, quotes courtesy of PA: |
| While coming out earlier this year was one of the most difficult things I have done in my life, it’s also proved to be among the best. | While coming out earlier this year was one of the most difficult things I have done in my life, it’s also proved to be among the best. |
| There is no template for it and everybody must do what is right for them and their personal circumstances, but I have no regrets. | There is no template for it and everybody must do what is right for them and their personal circumstances, but I have no regrets. |
| I said at the time that I did it for myself and it really has made a difference to personal happiness by allowing me to be completely the person I am. However, I am acutely aware that many people don’t have the support I’ve had, particularly from their families. | I said at the time that I did it for myself and it really has made a difference to personal happiness by allowing me to be completely the person I am. However, I am acutely aware that many people don’t have the support I’ve had, particularly from their families. |
| That’s why it’s so important we continue to speak out to end prejudice and campaign until equality for everybody in the LGBT community is without question. | That’s why it’s so important we continue to speak out to end prejudice and campaign until equality for everybody in the LGBT community is without question. |
| The awards saw David Cameron named LGBT Ally of the Year for his work on gay marriage, with Theresa May sending a video message saying that there is still “too much” hatred and discrimination against LGBT people. | The awards saw David Cameron named LGBT Ally of the Year for his work on gay marriage, with Theresa May sending a video message saying that there is still “too much” hatred and discrimination against LGBT people. |
| 9.01am BST | 9.01am BST |
| 09:01 | 09:01 |
| Good morning. It looks like the political pace might turn down a notch today following a frantic week of airports and Brexit news. | Good morning. It looks like the political pace might turn down a notch today following a frantic week of airports and Brexit news. |
| The main event of the morning will be John McDonnell, the shadow chancellor, making a speech to warn that the terms of departure from the EU should not be tilted in favour of financial institutions at the expense of manufacturers and small business – or in his catchy phrase, it shouldn’t be a “bankers’ Brexit”. | The main event of the morning will be John McDonnell, the shadow chancellor, making a speech to warn that the terms of departure from the EU should not be tilted in favour of financial institutions at the expense of manufacturers and small business – or in his catchy phrase, it shouldn’t be a “bankers’ Brexit”. |
| McDonnell will be speaking around 11am. My colleague, Jessica Elgot, will be there, and has written a preview. | McDonnell will be speaking around 11am. My colleague, Jessica Elgot, will be there, and has written a preview. |
| It’s Peter Walker at the controls here, I should mention, in place of Andrew, who returns next week. | It’s Peter Walker at the controls here, I should mention, in place of Andrew, who returns next week. |
| Otherwise, the Commons is sitting, but the schedule doesn’t immediately throw up any major set piece events. Meanwhile the home secretary, Amber Rudd, is at the Vatican for talks about modern slavery. | Otherwise, the Commons is sitting, but the schedule doesn’t immediately throw up any major set piece events. Meanwhile the home secretary, Amber Rudd, is at the Vatican for talks about modern slavery. |
| Meanwhile Theresa May still faces pressure, both here and overseas, about her private warnings to Goldman Sachs about the economic perils of Brexit, as revealed in the Guardian. This is our latest story. | Meanwhile Theresa May still faces pressure, both here and overseas, about her private warnings to Goldman Sachs about the economic perils of Brexit, as revealed in the Guardian. This is our latest story. |
| Do get in touch with your thoughts, either below the line or on Twitter – I’m at @peterwalker99. I’ll try to read comments as I can, but if you’re addressing anything to me directly it can be easier to put my name in there somewhere. | Do get in touch with your thoughts, either below the line or on Twitter – I’m at @peterwalker99. I’ll try to read comments as I can, but if you’re addressing anything to me directly it can be easier to put my name in there somewhere. |
| Updated | Updated |
| at 9.03am BST | at 9.03am BST |