Jeremy Corbyn: Yes, we are a threat to the financial sector

Response to Morgan Stanley note

Natalie Kenway
clock • 1 min read

Labour leader Jeremy Corbyn has warned global banks he would be a "threat" to their business if he became prime minister, after a Morgan Stanley analyst note said he would represent "a bigger risk than Brexit" to the British economy.

Corbyn published a video on social media on Thursday evening following the note calling the financial sector "speculators and gamblers who crashed our economy", reported the Financial Times. In particular, he criticised Morgan Stanley chief executive James Gorman for awarding himself a multi-million pound salary as the average British worker is "finding it harder to get by". There have been increasing fears that Corbyn will come into power if another snap General Election is called on the back of weakening support for current Prime Minister Theresa May and the Conservative party.  ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read