Speaking on BBC Radio 4’s nowadays programme on Saturday,shadow chancellor John McDonnell says he has received support from across the political spectrum for his policy on borrowing for investment. McDonnell’s fiscal credibility rule was announced this week and will require future Labour governments to balance tax revenues and day-to-day spending over a five-year cycle, while borrowing to fund public investment projectsListen to the entire interview on BBC Radio 4McDonnell: ‘wealth creators’ support Labour economic policyContinue reading...
Source: theguardian.com