The Labour Party Conference Continues

John McDonnell outlines Labour's economic plan to reduce the deficit without austerity, focusing on taxing big companies and cutting corporate welfare. The plan includes reviewing economic institutions like the Bank of England and HMRC. While the speech received a positive response in the hall, business lobbyists expressed concerns over the lack of detail. The public reaction was mixed, with some seeing it as a fresh change. McDonnell concluded with a call for unity within the Labour Party.

What is one of the key strategies John McDonnell proposes to reduce the deficit?

• Increasing taxes on small businesses

• Cutting the number of police officers

• Reducing public healthcare funding

• Raising taxes on large corporations

Which public services does McDonnell promise not to cut?

• Environmental programs

• Public transportation

• Police, nurses, and teachers

• Corporate welfare

What does the Labour Party plan to review as part of their economic strategy?

• The education system

• The Bank of England's remit and HMRC

• The national healthcare system

• The transportation infrastructure

How did business lobbyists react to McDonnell's speech?

• They were fully supportive

• They were indifferent

• They were concerned about the lack of detail

• They were enthusiastic about the interventionist tone

What does McDonnell believe is necessary for his economic plans to be effective?

• A stable economic environment

• A further economic downturn or recession

• Immediate public support

• Increased foreign investment