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Labour’s latest policies do more than redistribute money—they redistribute power

The truly radical elements of Labour’s economic agenda have little to do with tax and spend

By Sam Moore  

Shadow chancellor John McDonnell delivers a pre-Budget speech at Church House in London. Photo: PA

“For the many, not the few” means a lot of different things to a lot of different people. But the person for whom it has the clearest meaning is Corbyn himself.

A recent study commissioned by his Shadow Chancellor and political right hand John McDonnell serves as a reminder of where the truly radical elements of Labour’s economic agenda lie: redistributing power, rather than just money.

The latest plan to come from Corbyn’s camp,…

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