General election live: John McDonnell says there will be no windfall tax on oil companies

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General election 2019: John McDonnell says taxation needs to 'attack gross levels of inequality' in society

First questions to the shadow chancellor are from the press. Q The Greens are pledging £100bn a year for 10 years to achieve zero carbon by 2030. That is also a Labour aspiration . Is the Green estimate of the cost correct? A Labour will have a green transformation fund of £250bn over 10 years plus another £250bn through a National Investment Bank. We will also harness the resources of the finance industry.

 

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