Jeremy Corbyn tonight warned the rich that they are on ‘borrowed time’ because a Labour Government is coming.
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.’
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.’
Jeremy Corbyn (pictured tonight at the Momentum rally in Liverpool) warned the rich that they are on ‘borrowed time’ because a Labour Government is coming
In a fiery speech to hundreds of activists, Jeremy Corbyn (pictured at the rally in Liverpool) said the poor had ended up paying the price for the 2008 financial meltdown through austerity while the rich got richer
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.
He hit out at the growing numbers of rough sleepers on Britain’s streets, climate change and poverty.
The Labour leader said he and his supporters received a massive boost after they defied expectations to deny Theresa May an overall majority at last year’s snap election.
And he said this had left him more optimistic and determined to win next time an election is called.
He was given a rock star welcome when he arrived at the Momentum conference event tonight.
The crowd leapt to their feet as he arrived and burst into a rendition of the Corbynista anthem ‘Ooooh Jeremy Corbyn’ as he took to the stage.
His radical rhetoric comes after his party has laid out plans to shake-up the way the economy is run.
Earlier today he unveiled plans to force companies to put workers on their boards in a move he said would help democratise workplaces.
And he announced that if he makes it to No10 owners of second homes face swingeing new taxes of more than £3,000 per property.
The Labour leader said his party would effectively double council tax on holiday homes and other additional properties.
Jeremy Corbyn (pictured at the speech after delivering his speech tonight in Liverpool) was 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
The policy would raise £560million to be ploughed into affordable homes, Mr Corbyn said.
Under the plan, the sum will be based on the value of the property and equivalent to double the current rate of council tax.
Mr Corbyn said: ‘People do have second homes, particularly business-related second homes in central London.
‘Our proposal is that we would increase the tax on them in order to give money to be spent on new housing across the whole country.’
Labour are in Liverpool for their annual party conference, but the event threatens to be overshadowed by the anti-Semitism crisis which continues to dog the party.