Full transcript: John McDonnell says Labour supports leaving single market

Labour’s shadow chancellor, John McDonnell, has all but confirmed that the party is committed to leaving the single market. Here’s the full transcript of his interview with Robert Peston this morning:

RP: I’m joined by the shadow chancellor, one of Jeremy Corbyn’s closest confidants. Very good to see you, John McDonnell. John, first of all, if I could just start with where you go in parliament now. On Friday morning, you were talking in pretty explicit terms about how you thought you could end up in power even without a general election. How would that work?

JM: Well, we put forward the proposal which was nothing special. It was forming a minority government which would mean, basically, that we would set out our policies based upon our manifesto and form a government on that basis, put them before parliament and it’s exactly as Caroline [Flint] was just saying…

RP: Do you think there’s any chance of that?

JM: Well, I think the Conservatives are in such disarray and any form of relationship with the DUP is bound to be inherently unstable and I think what the country is looking for now is a government that will lead them on the basis of facing up to the challenges that we set out in our manifesto.