Steerpike Steerpike

John McDonnell’s banker bashing backfires

John McDonnell spent a large amount of his time this week attacking the career history of the newly-promoted Chancellor, Sajid Javid.

While some might take heart at the way Javid, as son of a Pakistani bus driver, worked his way up to become a banker and then the second most powerful politician in the country, for McDonnell it’s clearly evidence that he should be clapped in irons. In a press release on Monday, McDonnell thundered that Javid’s stint at Deutsche Bank and his alleged role in selling collateralised debt obligations (CDOs) which were behind the 2008 banking crisis, meant that he was unsuitable to be Chancellor, and the prime minister should launch an investigation into his past.

You might think it a little hypocritical of McDonnell to criticise Javid when it comes to past experience. After all, McDonnell’s early career mainly consisted of him swanning from trade union to trade union during the 1970s, as Britain was crippled by strikes.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in