Full speech: John McDonnell at Labour conference
'We'll introduce legislation to ban companies taking on excessive debt to pay out dividends to shareholders. And we'll rewrite the Takeover Code to make sure every takeover proposal has a clear plan in place to pay workers and pensioners. … We'll reintroduce sectoral collective bargaining across the economy, ending the race to the bottom on wages. And let me give you this commitment: in the first hundred days of our Labour government, we'll repeal the Trade Union Act. … And we'll introduce a “Right to Own”, giving workers first refusal on a proposal for worker ownership when their company faces a change of ownership or closure. So the next Labour government will promote a renaissance in co-operative and worker ownership. The new regional development banks will be tasked with supplying the capital a new generation of business owners will need to succeed.'
