Business chiefs demand Jeremy Corbyn stops attacks on industry amid fears he could become PM – The Sun

ALARMED business chiefs will today (Tues) demand Jeremy Corbyn bin his searing attacks on industry amid panic he could be in No.10 by the end of the year.

The CBI, British Chambers of Commerce and other lobby groups will call for “all parties to work in partnership” as they meet the Labour leader for showdown talks.

It comes just months after the CBI warned Labour’s nationalisation drive would cost £175 billion and unleash “profound harm” on the economy.

Shadow Chancellor John McDonnell hit back to claim the CBI was “scaremongering”.

Senior business figures told The Sun there was a growing realisation that Labour could be in No.10 – and Britain’s biggest companies were trying to reach out to the hard-left leadership team.

Labour has pledged to renationalise the water industry, almost all of the energy sector, the railways and Royal Mail. A series of leaked documents have also laid bare proposals for a ‘Garden Tax’, a further tax on house sales that experts warn could “wreck havoc” on families.


Last year, Mr McDonnell stunned the City by unveiling unprecedented proposals to grab 10 per cent of every listed company in Britain for workers.

A senior business figure said: “The challenges the country faces, whether on climate change or Brexit, are so important that we hope all parties and MPs know by working in partnership with business we stand a much greater chance of success.” Another source said: “In the current political climate nothing is certain. There’s as much chance of No Deal as Corbyn becoming PM.

“We have a duty to see him.”

John McDonnell is already preparing a set of ‘new fiscal responsibility rules’ for the Treasury watchdog to lay the groundwork for when Labour enters power. The Sunday Times revealed he told the Office for Budget Responsibility (OBR) that it would have to report for Parliament rather than Treasury under a Jeremy Corbyn government. And it would also be asked to cost opposition party spending plans during a General Election.

He has also asked Treasury officials to begin preparing for Labour’s spending priorities. Formal talks can only take place when an election is called.

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