Leading left MP and former shadow chancellor John McDonnell issued the warning to Rachel Reeves as the Chancellor returned from her China trip to confront the bond market crisis.
Mr McDonnell, presently suspended from the Labour whip for opposing the cruel two-child benefit cap, told BBC radio: “There is obviously a problem.
“There’s turbulence in the international markets, and we’ve just got to see those through.
“You don’t turn to cuts, certainly, because not only will that be politically suicidal, that would undermine the political support upon which Labour got elected.
“In addition to that, you would be taking demand out of the economy, and you would be looking at turning a crisis into a recession.
“So I think you just have to see through the turbulence in the markets.”
Mr McDonnell also reminded the government that voters matter more than markets.
THE stark fact is that Britain’s fuel poverty crisis puts lives at risk.
The present cold snap brings home the extent of the crisis for the elderly, made more intense by the Labour government’s removal of the automatic winter fuel payment.
More than three-quarters of the public want a social tariff to underpin an energy bill discount for those who need it most.
Pensioners are a clear example of a group that includes many of the most vulnerable.
The arguments in favour of a social tariff are simple. It should support all who depend on heating and electricity for their health and wellbeing. Keeping the costs of energy at a manageable level and protecting the vulnerable from the volatility of the capitalist market in energy should be the mark of a modern and civilised country.
Campaigners warn Labour’s ‘pro-business approach to data’ has ‘potential for further loss of public trust’ in the NHS
HEALTH Secretary Wes Streeting’s plans to sell GP data to the private sector “make no sense,” warned experts raising fresh privacy concerns yesterday.
Campaigners also warned Labour’s “pro-business approach to data” had the potential for further loss of public trust in the health service.
…
Mr Streeting in October said that data “is the future of the NHS” and Britain “could lead the world in medical research.”
He plans to create a “single access system” for information from GP surgeries, hospitals and other care settings after NHS England awarded a controversial £330 million contract to US spy tech giant Palantir in 2023 to develop a new platform.
Today Keep Our NHS Public co-chair Dr John Puntis said: “The Data Use and Access Bill currently going through Parliament illustrates Labour’s pro-business approach to data as a valuable resource, and highlights the potential for further loss of public trust.
“It aims to make data, including our personal heath data, widely available to public authorities and the private sector.
“The Secretary of State will be given power to erode safeguards over use of personal data for research.
“Labour intends to reduce the regulatory burden on businesses at the expense of safeguards for citizens.
“An alternative vision would include investment in a publicly owned national digital infrastructure aimed at storing and managing NHS data currently being processed through cloud computing services that are owned by large technology companies.
“There must be safeguards against the private sector gaining access to data for profit, and the public should be fully informed about the use of people’s health data and the right to protection and privacy.”
A spokesman for Momentum said: “Selling off patients’ data is no way to fix the NHS.
“We must fully renationalise our healthcare system and defend it from corporate interests, not welcome them.”
The song uses the tune of the 1974 Mud classic Lonely This Christmas, which also topped the charts at number one when it was first released.
The parody version goes: “It’ll be freezing this Christmas, without fuel at home, it’ll be freezing this Christmas, while Keir Starmer is warm. It’ll be cold, so cold, without fuel at home, this Christmas.”
The song then uses a clip of Starmer saying: “She told me that she doesn’t get out of bed till midday because she doesn’t want to turn the heating on.”