John McDonnell and the deficit 

The Guardian has reported today that John McDonnell will announce to the Labour Party conference that he will back George Osborne’s fiscal charter and support the concept of a balanced budget over the course of a Parliament. Some people – including those like Caroline Lucas whose claim to be the radical conscience of the nation […]

Economic fatalism and the Labour Party leadership election

Perhaps the most dispiriting feature of the Labour Party leadership economics has been the standard of – one is tempted to say the absence of – the economic debate.  There is an emerging – and vague – narrative around the need to be more business-friendly, to reward “hard work”, to cut the deficit, to enable […]

Labour did not overspend in office. So why do Labour’s leadership candidates keep saying so?

Perhaps the most depressing aspect of the Labour leadership contest is hearing the candidates acquiescing in the myth that Labour in office overspent – and, by implication, accepting the Tory framing that Labour crashed the economy.  Of course it is more nuanced than that, but the outcome of the recent election shows that this is […]

For Labour, Emily Thornberry’s tweet is not the issue

Emily Thornberry, former Shadow Attorney General, has resigned from the Shadow Cabinet after tweeting a photograph of a house festooned in St George’s flags with a white van parked outside.  It was a stupid, insensitive thing to do; it’s easy to see why people could take offence at what looked like ridicule of a Rochester […]

Why Labour must abandon its commitment to HS2

Speaking at the Labour Party conference today, Shadow Transport Secretary Mary Creagh reiterated her support for the HS2 project.  Economically, environmentally and politically, this is the wrong decision. The economic and political arguments against HS2 have been well-rehearsed – put simply, the claims made by its proponents do not stand up.  Notoriously, its economic case […]

Ed Balls and credibility

On the day of Ed Balls’ speech to the Labour Party conference – which included a ringing declaration of the need for fair deficit reduction – Chris Dillow raises some interesting points about fiscal credibility.  He writes: At the end of an interview with Ed Balls this morning, Sarah Monague (02h 22min) gave us a wonderful […]

How Ed Miliband’s £8 per hour minimum wage pledge will create jobs

In the run-up to the Labour Party conference, Ed Miliband has announced that a Labour government will raise the national minimum wage to £8 per hour.  It’s an important announcement, and one that builds on Labour’s commitment to ensure that people in work are able to earn a decent sufficiency. It will be attacked by […]