The following is a letter by Professor John Weeks and Ann Pettifor, published today, 15th March 2016 in The Guardian. Andrew Harrop’s article on John McDonnell’s public borrowing for investment points out its improvement on the chancellor’s deficit obsession (John McDonnell’s new fiscal rule is strong, but it’s no election winner, The Guardian, 11 March). […]
Posts Tagged ‘Borrowing’
Labour should embrace borrowing to break with austerity
Nov 2nd, 2015 by Luke Barratt.It’s probably better for your health if, as a Corbyn supporter, you don’t watch the Daily Politics at the moment. Those of us still addicted to the hectoring headmaster that is Andrew Neil have had to endure a cacophonous chorus of moderates who want to do moderate things like tear the Labour Party apart by […]
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People need hope, not more of the Tory austerity fairytale
Oct 28th, 2014 by Michael Meacher.Ha-Joon Chang in the Guardian is right that “the country is in desperate need of a counter narrative” to the Tory story on the economy. I believe it should go like this. First, Labour did not leave behind an economic mess; the bankers did. Labour was not profligate: the biggest Labour deficit in the pre-crash years was […]
