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John McDonnell issues a warning to the Davos fat cats

JOHN MCDONNELL has warned the “global elite” gathering at Davos this week that their success risks “a political and social avalanche.”

The shadow chancellor will be attending the World Economic Forum at the Swiss ski resort for the first time, alongside the big wheels he has called on to make big changes to benefit billions of working people. He will be taking part in a panel discussion tomorrow to speak about free markets.

People across the world are aware of the “con trick” of so-called austerity that sees them continuing to pay for the bankers’ greed that led to the financial crash of 2008, he said.

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