Corbyn Hits Back At Morgan Stanley: You Are Right, We’re A Threat
After the investment bank claimed that Labour government could pose as much of a risk to business in Britain as a hard Brexit, Labour Leader told Morgan Stanley it was right to view his party as a threat

This week, the bank’s equity team published their annual outlook for the European stock markets saying Jeremy Corbyn was a “bigger risk than Brexit” to the UK economy. Mr Corbyn just hit back calling banks like Morgan Stanley “speculators and gamblers who crashed our economy.” criticizing Morgan Stanley for its role in the 2008 financial crisis.

Mr Corbyn in a video posted on Twitter said: “So when they say we’re a threat, they’re right, we’re a threat to a damaging and failed system that is rigged for the few,”. He added:

“Bankers like Morgan Stanley should not run our country but they think they do,”

“These are the same speculators and gamblers who crashed our economy in 2008, and then we had to bail them out. Their greed plunged the world into crisis and we’re still paying the price because the Tories used the aftermath of the financial crisis to push through unnecessary and deeply damaging austerity.”

The PM lost her party’s majority in parliament in a June snap election while Corbyn’s unexpectedly strong result in the vote has convinced many of Labour’s opponents that Corbyn is a potential prime minister if May’s government falls.

Read More: OBR Reports: Britain’s Economy Will Grow Just 1.5% In 2017

Recently, the bank’s European equity team reported: “The UK is in the midst of a double whammy of uncertainty in the shape of Brexit and a fragile domestic political situation”

“Taken together, these two factors – which are interrelated to some degree – cast a long shadow over the policy backdrop and economic outlook of the UK.”

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