tsubaki
Player Valuation: £90m
McDonnell has had a good hearing in the City. If McDonnell goes ahead with their re-nationalisation plan he will need to money to buy up all those French and German companies shares. The City will be licking their lips at the prospect of lending Labour the money and earning good bonuses. It will be like a new big bang. The majority of City/banks lending since getting the Quanative easing money has been to lend to fuel a housing boom not only in the UK but also abroad. In the UK, in particular London and parts of the South the buy to let market has stalled and there is a major concern that this will lead to falling prices, happening already, negative equity and this will have an impact on the City of London and the banking sector as borrowers can't make the payments or sell at a loss..
Bank of England warns of a dangerous 'feedback loop' in UK economy.
Add Brexit to the mix and the City, worried enough by the loss of jobs now, will want someone in charge that puts passporting.rights for the City top of the agenda. McDonnell was early out of the traps.
John McDonnell knows what he wants from Brexit: "This is a golden ... And has curried favour with the City ever since. There is no big noises come out of the City attacking Labour's plans. What McDonnell is asking them for is 'just give us a bit to share around rather than revolutionary change'. They seem to like that message.
TBH the reason why they have been conspiciously silent on McDonnell is that they probably recognize that McDonnell wouldn't buy the French and German companies out of infrastructure deals; what he'd do instead would be to actually build the new infrastructure (power stations especially, but also rail and water) which is something that privatized industries have never done.
That would then solve a problem in the short term (since the ones they inherited off the old utilities are increasingly decrepit), and in the long term they are probably gambling that the Tories would come to power for long enough to sell them off cheaply.

