Tories have presided over “ballooning inequality” – Corbyn on May’s speech

This is the full response issued by Jeremy Corbyn to Theresa May’s speech, at the Lord Mayor’s banquet at Mansion House last night, at which the prime minister warned of the impact of a “new global elite”.

“Theresa May is trying to catch up with a changing world the Conservatives do not understand.

“There can’t be a globalisation that works for all without taking on the billionaires club that controls this rigged system.

“The Conservatives have presided over ballooning inequality. They’ve given tax cuts to the richest 1 percent while the incomes of 70 percent have stagnated or fallen.

“Labour will take on the interests holding our country back. We will invest to rebuild and transform Britain, so no-one and no community is left behind.”