Corbynistas Openly Using McDonnell’s IRA Nickname “The Quartermaster”

Top Corbynistas are openly referring to John McDonnell by his IRA nickname “The Quartermaster”. Momentum man Max Shanly called the Shadow Chancellor by his IRA nom de guerre on this week’s Novara Media All The Best podcast. Appearing alongside former Corbyn spokesman Matt Zarb-Cousin, Shanly said:

“I went to John McDonnell’s Alternative Models of Ownership Conference this weekend… it was very interesting, I don’t know how many of you have read the Alternative Models of Ownership report commissioned by The Quartermaster and Rebecca Long-Bailey, but it’s a very good read.”

As WikiGuido revealed in 2016:

“The story goes that McDonnell used to frequent a working men’s club in Camden which was known as a hub of IRA activity at the time. He was said to be so pally with the republicans who drank there that it allegedly led to him being given the nickname ‘The Quartermaster’. The joke among local Labour figures was that he was so involved he must have had his own quasi-military rank. His spokesman does not deny he was a regular visitor, but says: ‘It may have been a nickname for him as he was resourceful and in charge of budgets at the GLA.’”

It’s the second time in as many weeks the All The Best podcast has got Corbynistas in trouble. Last week Guido told how Clare Kober’s demise was cheered on during an episode of the socialist broadcast: Shanly shouted “she’s dead”. The brocialists later apologised. All The Best gaffes…

McDonnell Mocks Labour Compliance Unit

John McDonnell has been caught making a sarky dig at Labour HQ’s compliance unit in comments which have not gone down well with Labour moderates. The Shadow Chancellor’s appearance at the hard-left Labour Representation Committee Special AGM on Saturday clashed with Labour’s Alternative Models of Ownership conference (organised by Southside). McDonnell ended his speech by joking:

“Thanks Comrades, I’m sorry about this clash… I don’t want the compliance unit expelling me just for not turning up at a conference. “

A Labour source told Guido:

“This is a dig at the staff which isn’t a very socialist thing to do, but it also belittles the reasons why people have been expelled which is often either for outright antisemitism or harassment of women, and given the #MeToo movement, in reality these comments couldn’t be further from a joke.”

Just broacialist banter…

McDonnell Accuses Bad Al of “Macho, Threatening Politics”

Top trolling…

McDonnell Accuses “Right-Wing” SMF of Making Up £90bn Water Nationalisation Cost

Remember when John McDonnell claimed that nationalising the water industry wouldn’t cost taxpayers a penny? Well, wonks at the Social Market Foundation disagree. Drawing on data from academic studies, Ofwat, the London Stock Exchange and the annual accounts of water companies, the SMF have found that nationalising the water industry’s assets would initially cost £90 billion, more than the current education budget and a 5% increase in government debt levels, plus another £100 billion over the next 25 years to meet their investment requirements. Acquiring them for less than the market price would cost more in the long term as investors flee fearing further nationalisations. Guido enjoyed McDonnell’s tetchy response to the report, accusing the centrist SMF of being “right-wing”, implying they fiddled the figures at the behest of the water industry and taking a pop at its director James Kirkup:

“This is a report by a right-wing think tank, led by the former political editor of the Telegraph, and commissioned on behalf of the water industry. Labour has been clear that as established by legal precedent it will be parliament that decides the price to compensate shareholders. With returns significantly higher than bond yields the taxpayer will be better off following the return of water to public ownership.”

Who you gonna believe?

McDonnell and Ken Loach to Headline Two Marxist Festivals On Same Day

John McDonnell will contradict his claim that he is ‘not a Marxist’ by headlining Europe’s biggest Marxist festival this summer – where he will share a platform with the leader of a Communist Party. Guido can reveal the Shadow Chancellor is set to lead a panel titled “Into the 21st century: Marxism as a force for change today” at the Marx 200 Festival in June. Just to add a touch more Marxism to the occasion, the event will be held at the Marx Memorial Library in Clerkenwell. McDonnell will speak alongside the leader of the Communist Party of India Sitaram Yechury. Are all the fund managers McDonnell has been meeting aware of this?

Worth remembering that McDonnell infamously denied he was a Marxist on Marr last May. Video emerged of him admitting “I’m a Marxist”…

The 200th anniversary of Marx’s birth this May will precipitate a rash of leftist events praising the communist philosopher and his murderous legacy. McDonnell’s event clashes with Counterfire’s ‘Why Marx Was Right’ conference. The headline speaker at that red love-in is Corbyn cinematographic guru Ken Loach. Corbynistas will be spoiled for choice…

McDonnell Tells Davos: Venezuela Failed Because It’s “Not Socialist” Enough

John McDonnell has told the Davos World Economic Forum that Venezuela is in crisis because it “took a wrong turn” and strayed from the “socialist path.” Speaking to a gathering of global business and political leaders, sworn Marxist McDonnell joked that he “always gets thrown” questions on Venezuela – the collapsing hard left state he and Jeremy Corbyn have valorised for decades. Labour’s Shadow Chancellor said:

“I think would have been successful if they had actually mobilised the oil resources… I think in Venezuela they took a wrong turn, not a particularly effective path and not a socialist path.”

McDonnell’s ‘oil reserves’ explanation was comprehensively debunked last summer when the Venezuela crisis was severely embarrassing the Labour leadership. Top thought leadership from Davos man McDonnell…

Inside John McDonnell’s €800 A Night Davos Hotel

It could be the luxury alpine lair of a Bond villain. This is the plush mountain hideaway Labour’s Marxist Shadow Chancellor has made his home during the exclusive Davos World Economic Forum. The avowed socialist is rubbing shoulders with billionaires, kings and presidents this week at the annual gathering of the global supercapitalist elite. Perched 1560m above sea level at the €800-per-night Sunstar Alpine hotel, McDonnell will be able to unwind after a hard day attacking the neoliberal order. The hotel boasts the largest indoor pool in Davos, heated all-year-round to 28°C. The log cabin sauna and steam room are a short stroll from the spa – one of the best equipped in the town – where McDonnell could order the £126 ‘Asian whole-body treatment with hot stones’. How about flicking through the latest Morning Star in the 172 jet hydropool, infused with alpine herbs, rosemary, and sea salt? 

The nightly five course dinner is prepared from fresh, regional produce. Cable cars are included in the room rate.

Guido asked team McDonnell who was paying for their trip. A union? Or one of those newly converted Corbynista hedge funds? No answer was forthcoming. Maybe, as McDonnell would say, it pays for itself…

McDonnell: I’m Not Sorry for “Lynch” Esther Comments – But Don’t Play Tape Back To Me

John McDonnell has again refused to apologise for calling Esther McVey a “stain on humanity” and repeating that she should be “lynched”. The Shadow Chancellor was asked to apologise to McVey on Marr this morning but refused – worth remembering he also refused to at the time, contrary to his defence this morning. Marr threatened to play back the audio. A guilty McDonnell replied:

“No we don’t need to, I know exactly what was on it.”

Bewilderingly, McDonnell was then let off the hook – the audio was not played.

Here it is:

Hard man McDonnell can dish it out but can’t take it…

Corbyn Won’t Condemn McDonnell For Calling Esther “Stain on Humanity”

Jeremy Corbyn’s claim to stand for a “kinder, gentler” politics was once again exposed as a sham this morning as he refused to condemn his MPs for using inflammatory and hateful language. The Labour leader failed to condemn Shadow Chancellor John McDonnell for calling Tory minister Esther McVey a “stain on humanity”. Moments earlier Corbyn confirmed there would be no special ‘respect pledge’ for Labour candidates after Tory Chairman Brandon Lewis announced the Conservatives are launching the measure. Remember McDonnell also “joked” about Esther McVey being “lynched”

Over on BBC One’s Sunday Politics, Labour’s Barry Gardiner also refused to condemn McDonnell, saying only: “it’s not language I would use”. 

Earlier in his Peston on Sunday interview, Corbyn again failed to rule out the possibility of a second referendum on EU membership. He also said he does not consider the special relationship with the United States is Britain’s most important bilateral relationship. New year, same old Jezza…

Corbyn Said Davos “Conspiracy” is “Cause of World’s Problems”

Sworn Marxist John McDonnell is off to Davos this month. For his preparatory reading, perhaps he will cast his eye over this 2015 Morning Star piece by none other than… Jeremy Corbyn. Headlined “Dealings in faux concern”, Jezza launched a scathing attack on the WEF, suggesting it is a New World Order-like “conspiracy” of “kings, princes, presidents, prime ministers and large corporations”. He castigated charity Oxfam for attending the summit, calling it “strange” for doing so. Guido republishes the highlights below…

THE ill-named World Economic Forum is gathering once again in Davos, where hordes of delegates are invited to attend, dominated by kings, princes, presidents, prime ministers and large corporations. (And John McDonnell.)

One asks oneself first why Davos exists at all, and second, whether it isn’t some grand conspiracy by big business to interact with significant political figures, bypassing the slightly more democratic process of the United Nations.

Davos of course works on the basis that a gathering of the super-rich in a super-expensive and exclusive resort will be free from pesky demonstrators. (Apart from John McDonnell.)

For politicians rubbing shoulders with the chief executives of the world’s major corporations, the only agenda will be that of market economics and capitalism — not the everyday realities for the majority of the world’s population. (Not much point in John going, then.)

The forum’s faux concern for the world’s environment is somewhat tempered by the arrival of 122 executive jets, not to mention the high living that goes on in that place… (Sure John will avoid the bars.)

Oxfam, rather strangely, does attend the Davos summit — and indeed its chief executive Winnie Byanyima has been appointed as one of the six co-chairs of the forum… 

If Davos teaches us anything, it is that the super-rich and their tax havens have actually created greater and greater inequality in the world, and this supranational club of the very rich economic elites is not a solution to the world’s problems.

In reality, it is the main cause of them. (But John McDonnell is delighted to accept his invitation.)

What changed?

McDonnell Off to Davos

Rumour has it John McDonnell is off to Davos for the World Economic Forum. His office do not deny. Comrade McDonnell will be rubbing shoulders with the plutocrats, billionaires and corporate CEOs – perhaps he’ll even swing invitations to their summer yachts. He’s going for the many, not the view…

UPDATE: McDonnell confirms he is going to Davos.

Debbie Abrahams Speechless at McDonnell’s Violent Misogyny

Shadow Cabinet minister Debbie Abrahams lost for words as Andrew Neil reads out John McDonnell’s record of violent language about women. Labour’s hypocrisy exposed…

Thornberry: “I Ain’t Gonna Answer” Questions About McDonnell Lynching McVey

Emily Thornberry spent the last week tweeting about Toby Young and this morning on the Emma Barnett Show talking about how he had to go. Yet when Emma asked her about John McDonnell’s infamous comments about “lynching” Esther McVey, Thornberry repeatedly refused to condemn them and replied: “I ain’t gonna answer”. Labour faux outrage and double standards summed up in one 30 second clip.

Rayner Laughed As McDonnell Talked About Killing Thatcher

Angela Rayner and Dawn Butler were outraged about some old Toby Young Twitter jokes, yet either stayed silent or actively defended Labour MPs guilty of real-life violent misogyny. Rayner said she was “happy to sit alongside” Jared O’Mara and Dawn Butler supported his “journey”, despite him calling a woman an “ugly bitch” in a nightclub just a few months ago. Neither Rayner nor Butler had anything to say about Clive Lewis shouting “get on your knees bitch”. They have had nothing to say about Labour’s whitewashing of the Kelvin Hopkins’ sexual harassment allegations. They had nothing to say about John McDonnell calling Esther McVey a “bitch” and calling for her to be lynched. And they had nothing to say about McDonnell talking about killing Britain’s first female Prime Minister. Worse than that, Rayner was sitting next to him at the time and burst out laughing – watch above. Almost as if she doesn’t really care about the sisterhood and is happy to let the brocialists get away with actual nailed on sexism…

McDonnell’s Socialism (With Diagram)

Picture credit: Jim Pickard

This graphic is from a presentation presided over by John McDonnell today. It apparently explains the structure of McDonnell’s proposed Strategic Investment Board. If it looks to you like a diagram of the power grid for the Central Electricity Generating Board circa 1949 it is because it comes from the same mindset that designed the CEGB. Does it look like the kind of nimble financial organisation to take on and beat the Silicon Valley investment giants creating our world?

Not impressed? It is only when you see the kind of nonsense being pumped out by the people around McDonnell trying to update state socialism (with an iPad) that you remember that only 3 years ago McDonnell was typically spending his evenings giving his alternative economics briefings to two old tankies, an adolescent plastic-bag carrying trot and a confused old lady keeping warm. Now the FT comes along to wonder at his ideas.

McDonnell Skewered Over Labour’s Slippery Sums

John McDonnell was again unable to put a figure on the cost of nationalisation or on lifting the public sector pay cap this morning during a masterful skewering of Labour’s economic fantasies. Interviewed on Sunday With Paterson, McDonnell was first confronted on Labour’s slippery sums and their tendency to change. Then the Shadow Chancellor repeated his mantra that nationalisation “will pay for itself”. He claimed it would be “cost free”…

Finally, McDonnell was unable to give a figure for lifting the public sector pay cap. He said: “we’ve costed it within the thing”…

Not a good interview, especially since the Shadow Chancellor has been asked the very same questions on his last few broadcast appearances. Must stop forgetting that iPad…

Careful McDonnell

John McDonnell tells Peston:

“I’m really careful about what I say about Northern Ireland and Ireland…”

McDonnell: I Can’t Predict How Much Extra Borrowing Will Cost

Still doesn’t have a figure five days later…

McDonnell’s Favourite Asset Manager Operates Offshore

John McDonnell is banging on a lot at the moment about all the City fund managers he claims he’s meeting. When pushed by Andrew Neil this week to name a firm he had met, the Shadow Chancellor couldn’t. Now Bloomberg reports one asset manager is indeed letting the self-sworn radical “Marxist” into their office…

Executives at BlueBay Asset Management, which has $57 billion of assets under its management, are to meet McDonnell next week. Mark Dowding, a senior portfolio manager, says: “We’re not giving a political endorsement to a political party here, but as macro investors we actively engage in dialogue with policymakers across the spectrum.”

Just one awkward problem for McDonnell: he claims to disapprove of the entire way BlueBay structures its business. A quick look at the accounts shows the firm has a Luxembourg fund management company and a Jersey based Employee Benefit Trust.

Not only that, but it’s shorting the pound and UK government bonds, meaning its investors will gain from Labour’s run on the pound. Quite aside from shorting the pound, Guido is surprised McDonnell would want to consort with a firm who manage funds in Luxembourg and have an Employee Benefit Trust in Jersey…

McDonnell Asked 8 Times How Much Labour Would Spend Servicing Debt


John McDonnell was again unable to say how much Labour’s spending plans would cost Britain in two further shambolic interviews this morning. Asked on both the Today programme and 5 Live how much extra would be spent on servicing government debt under Labour, a rattled McDonnell was eight times unable to give a figure.[…] Read the rest

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