{"id":145188,"date":"2018-06-23T02:15:16","date_gmt":"2018-06-23T02:15:16","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/momentum-chief-jon-lansmans-run-on-pound-fear\/"},"modified":"2018-06-23T02:15:16","modified_gmt":"2018-06-23T02:15:16","slug":"momentum-chief-jon-lansmans-run-on-pound-fear","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/momentum-chief-jon-lansmans-run-on-pound-fear\/","title":{"rendered":"Momentum chief Jon Lansman’s ‘run on pound’ fear"},"content":{"rendered":"
\"Jon <\/figure>\n

A future Labour government should prepare for resistance from global corporations and could face a run on the pound, Momentum's founder says.<\/p>\n

Jon Lansman, who heads the Jeremy Corbyn support movement, said global elites would resist the "significant transformation" planned by Labour. <\/p>\n

And he said he hoped that it would not lead to the devaluation of sterling.<\/p>\n

He was speaking to BBC Radio 4 programme Long March of Corbyn's Labour to be broadcast on Monday.<\/p>\n

Momentum chief quits Labour race<\/p>\n

''We want to make a significant transformation. We want decisions which affect jobs and livelihoods democratised. The global corporations will resist," said the veteran left-wing activist. <\/p>\n

"Other governments have faced challenges like runs on the pound. And we may face similar things. I hope we don't.<\/p>\n

"The people who are opposed to what we want to do have one thing in their favour - money. We have people. We need the power of people to overcome the power of money."<\/p>\n

Image caption Andrew Gwynne: 'Some things are going to take time' <\/figcaption><\/figure>\n

Shadow chancellor John McDonnell raised a similar prospect at a fringe meeting at Labour's conference last year - but clarified that he was planning for a number of scenarios, and didn't think this would happen.<\/p>\n

In the same programme, shadow communities secretary and joint election co-ordinator Andrew Gwynne strikes a different tone.<\/p>\n

He says he has had "sleepless nights" worrying whether local councils will be able to deliver some of "the big ticket" items in Labour's manifesto - such as the pledge to deliver a million more homes over 10 years. <\/p>\n

And he warns, in an extract of the interview to be broadcast on Saturday on BBC Radio 4's Today programme, that a Labour government that disappoints its new members could "fall at the first hurdle".<\/p>\n

"Some things are going to take time and we need to communicate that now in opposition.<\/p>\n

"If we come to power on the back of massive optimism, a new way of doing things, and we fall at the first hurdle then it will be very difficult to recover.<\/p>\n

"We need a clear plan."<\/p>\n

The Long March of Corbyn's Labour can be heard on Monday evening at 2000 BST on Radio 4, repeated on Wednesday, 27 June at 2300 BST.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A future Labour government should prepare for resistance from global corporations and could face a run on the pound, Momentum's founder says. Jon Lansman, who heads the Jeremy Corbyn support<\/p>\n","protected":false},"author":1,"featured_media":145189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-145188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/145188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=145188"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/145188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/145189"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=145188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=145188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=145188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}