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McDonnell: You learn a lot by reading Karl Marx.

JOHN McDonnell revealed yesterday he had learned a lot from Karl Marx - and Philip Hammond.

The Labour heavyweight cited the Communist philospher's book Das Kapital and the Tory Chancellor's advice as influences on his thinking.

Asked on the BBC's Andrew Marr Show if he was still a Marxist, the Shadow Chancellor replied: "I believe there's a lot to learn from reading Das Kapital and that's been recommended not just by me but many others, mainstream economists as well."

He added: "Shall I tell you whose advice we took in terms of borrowing? Philip Hammond. He said last year we need to borrow for our infrastructure and now is the time to do it.

"We also took the figures from the Confederation of British Industry about how much exactly is needed if we're going to be competitive with our European and American competitors."

But International Development Secretary Priti Patel said: "The man Jeremy Corbyn wants to make Chancellor believes the nonsensical ideas of Karl Marx - punitive taxes, closing down businesses and the removal of private property - should be at the heart of economic policy.

"It is just a glimpse of the economic destruction that would be unleashed."


NO MARX OUT OF 10 McDonnell on show yesterday

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Publication:The Mirror (London, England)
Date:May 8, 2017
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