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McDonnell: Hammond and Marx guide policy

JOHN McDONNELL joked yesterday that Karl Marx and Tory Chancellor Philip Hammond, as well as historical Labour figures, are among those who have shaped his economic thinking.

The shadow chancellor was asked on The Andrew Marr Show whether he was a Marxist.

He replied that there is “a lot to learn from reading Das Kapital,” but that he differed from Marx in that he does not believe capitalism will die but that it needs transforming so that prosperity can be “shared by all.”

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