Jeremy Corbyn warns the rich they are on ‘borrowed time’ because a Labour Government is coming in fiery speech

Labour leader said the poor had paid the price for the 2008 financial meltdown

Vowed to shake-up economy and crack down on the tax breaks given to the rich

Comments greeted with wild applause by hundreds of Momentum activists


Jeremy Corbyn warns the rich they are on ‘borrowed time’ because a Labour Government is coming in fiery speech.

In a fiery speech to hundreds of activists, he said the poor had ended up paying the price for the 2008 financial meltdown through austerity while the rich got richer.

He railed against neo-liberalism and austerity, and said that if he is elected to No10 he will usher in major change.

He told the audience in Liverpool: ‘Challenging neoliberal economics is fundamental to what we believe in.’

labour conference

Mr Corbyn added: ‘Austerity has been meted out on the poorest and most vulnerable people in our society.

‘They are the ones who paid the price of the banking crisis of 2008, all the time the very richest in our society have had tax breaks, giveaways and tax havens.

‘I tell you what: they are on borrowed time because a Labour government is coming.’

His words were greeted with wild applause and cheers from the many hundreds of activists who had turned up to hear him speak at Momentum’s World Transformed Event.

In the 20-minute address, Mr Corbyn told the activists that he is ready and waiting to campaign in another General Election and urged them to get involved.