Jeremy Corbyn ‘wants to turn London into a Communist city like Pyongyang’ by shrinking the finance sector
The Labour leader promised to make the City of London a 'servant of industry'
JEREMY CORBYN was yesterday accused of trying to turn the City into North Korean capital “Pyongyang” by launching a Commie crackdown on Britain’s banks.
The leftie Labour boss declared war on financial titans – slamming them for destroying industry and a “pernicious” control on politics.
He said that under a future Labour government banks would become “servants” with no more “out of control financial wizardry”.
Speaking at the EEF conference in London, he said: “The next Labour government will be the first in 40 years to stand up for the real economy.
“We will take decisive action to make finance the servant of industry, not the masters of all.”
Furious London dealers said the plan would devastate the City and British business. Veteran finance expert David Buik said it would “turn London into the last Soviet-era capital west of Pyongyang”.
The Labour leader was accused of wanting to damage the economy
He added: “To go crashing into the City of London at a time of Brexit, which is proving a very difficult process, is close to insanity.”
Treasury minister Robert Jenrick said Mr Corbyn had “declared war on British business”.
The Tory said: “A Labour government that hates enterprise would mean fewer jobs, higher taxes and less money for public services.”
The Labour boss has previously boasted that big banks should be scared by the prospect of him reaching Number 10.