Corbyn Wants to Take on the “Cosy Cartel”

Opposition leader Jeremy Corbyn will vow on Thursday to defeat what he calls a “cosy cartel” at the heart of British politics that protects the interests of the wealthy.

The pledge will come in a speech to launch his Labour Party’s national election campaign

Opinion polls show Corbyn’s Labour facing a heavy defeat at the June 8 election, which was called by Conservative Prime Minister Theresa May earlier this week to capitalise on Labour’s poor ratings and to strengthen support for her strategy for leaving the European Union.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.