Four reasons Corbyn and McDonnell will be good for business

Jeremy Corbyn and John McDonnell are a disaster for the Labour party, says Matthew Lynn. But as far as business is concerned, it works out rather well.

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Jeremy Corbyn and John McDonnell are a dream ticket for business
(Image credit: 2015 Getty Images)

Just when business thought Labour could not get more hostile towards the people who employ staff, make money, and pay taxes, along comes John McDonnell. In the wake of his appointment as the new official leader of the opposition, Jeremy Corbyn lost no time in installing his long-time ally as shadow chancellor.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.