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Why are corporations sitting on so much cash?

Companies—both here and abroad—have accumulated billions. How do we get them to spend it?

By George Magnus  

Shadow Chancellor John McDonnell, who has said that ©Philip Toscano/PA Wire/Press Association Images

Read more by George Magnus: Michael Gove misunderstands

On 21st May, Shadow Chancellor John McDonnell spoke at a State of the Economy conference organised by the Labour Party. His talk was a wide-ranging pitch about “we can start to transform how capitalism in Britain works,” and how Labour could become a credible alternative government. He also stated, in…

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