Voting with their feet: Labour’s economic advisers desert Corbyn

What is happening to the team of economic advisers that Labour established after Jeremy Corbyn’s leadership election win last year?  The answer is that many members of that team are increasingly dissatisfied with the Labour leadership’s response to their work and in some cases are now backing Owen Smith in the present leadership election. It’s […]

Notes on the new economics: John McDonnell’s tour comes to Bristol

Last night in Bristol saw the latest instalment of John McDonnell’s new economics tour, with prominent macroeconomists Ann Pettifor and Simon Wren-Lewis – both members of Labour’s economic advisory board – speaking to a packed audience.  It was in many respects a remarkable occasion – not just for the content, but for the fact that […]

Labour’s Economic Advisory Committee – mainstreaming anti-austerity economics

The announcement of Labour’s new Economics Advisory Committee is perhaps the most important development in the Party since Jeremy Corbyn became leader.  It’s a powerful statement of intent that Labour is determined never again to be accused by the Tories of lacking economic credibility, but it is something far more than that. To grasp its […]

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 […]