The immediate cost of a Labour victory!

[papasmurf]

It is estimated that the mere event of a Labour victory would wipe out approaching £400 billion of the value of the UK stock market within a few days.

Anyone who thinks there will be a Labour majority government is frankly paranoid.

The danger is Boris and what would be a dangerous right wing government who want a no deal Brexit against a background of the WTO now being a broken organisation.

[Major Sinic]

It is estimated that the mere event of a Labour victory would wipe out approaching £400 billion of the value of the UK stock market within a few days. The pound will collapse resulting in imported goods including food, clothes and medicines to spiral in cost.



Contrary to what smurf would have you believe this wouldn't be at the cost of all those billionaires he bleats on about; their money is largely already out and away from McDonnell's economic illiteracy, but for all those working people on modest incomes whose pensions are invested in a large part in the stock market, whose ISA savings are invested in the stock market and who are relieved to be able to clothe their children and feed their families.



We wouldn't need to sign a trade deal with the USA to fulfil Corbyn's false prophesy (yes a LIE from Labour) that medicines will spiral in price; it will happen when existing stocks run out!



Be careful what you wish for as you make your cross today.