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Subject Jeremy Corbyn vows to curb City of London's power
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Original Message Jeremy Corbyn has vowed to take on the City of London if he becomes prime minister, saying finance should be "the servant of industry, not the masters of us all".
The Labour leader called for a "fundamental rethink" of the finance sector and how it is regulated.
He also promised to give the government new powers to intervene to prevent "hostile takeovers".
The Tories said Labour would "end up harming Britain's businesses".
Mr Corbyn has often criticised bankers and promised a "fundamental shift" in economic policy if he wins power.
In a speech to the EEF manufacturers' organisation, he said his administration would be the first in 40 years - a period which includes 13 years of Labour government - to "stand up for the real economy".
"There can be no rebalancing of our distorted, sluggish and unequal economy without taking on the power of finance," he said.
"For 40 years, deregulated finance has progressively become more powerful.
"Its dominance over industry, obvious and destructive; its control of politics, pernicious and undemocratic."





[link to www.bbc.co.uk]
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