John McDonnell John McDonnell John Martin McDonnell (born 8 September 1951) is a British Labour Party politician who was appointed the Shadow Chancellor of the Exchequer in September 2015. He has been the Member of Parliament (MP) for Hayes and Harlington since the 1997 general election. He has served as chair of the Socialist Campaign Group in Parliament and the Labour Representation Committee, and was the chair of the Public Services Not Private Profit Group. He is also parliamentary convenor of the Trade Union Co-ordinating Group of eight left-wing trade unions representing over half a million workers. McDonnell attempted to stand for
Stop of the Exchequer Stop of the Exchequer The Great Stop of the Exchequer or Stop of the Exchequer was a repudiation of state debt that occurred in England in 1672 under the reign of Charles II of England. Under Charles II the state finances were in such a grievous condition that the crown found itself no longer able to honour its debts. The stop occurred on Tuesday 2 January 1672. Payments were suspended upon: The period of the stop was to be one year, ending on 31 December 1672. In the interim the King intended that interest would be paid to all those