labourpress:

John McDonnell MP, Labour’s Shadow Chancellor, responding to Philip Hammond’s warning again today in Davos that a Tory Brexit could mean turning the UK into a ‘Tax Haven’, said:

“Another day, and another glimpse at the future for our country under a Tory Brexit. It is becoming clearer and clearer by the day that the only plan the Tories have for our country involves attempts to turn it into a tax haven. On Tuesday the Prime Minister said that a Tory Brexit deal would take two years, and by Friday her Chancellor is now saying that the deadline is meaningless.

“Despite the Prime Minister’s pretence at having a plan, the truth is that she is making it up as she goes along. And her Chancellor’s only option is to threaten to inflict on our country the worst possible alternative for our economy and the public finances by turning us into a tax haven off the coast of Europe.

“When Philip Hammond makes these statements the next question the Chancellor has to answer is, if he wants to further slash corporation tax rates, how will our country fund our NHS and social care that are in crisis after six years of Tory Austerity?

“It seems clear that the Tories only plan for Brexit involves writing a blank cheque for big business paid for by the British people.”