Exclusive: shadow chancellor says party will vote in favour of Tories’ fiscal charter but will retract radically different approach on cutting deficitJohn McDonnell,the new shadow chancellor, will uncover the Labour conference that Britain must always live within its means as he announces that the party will vote in favour of a new fiscal charter proposed by George Osborne.
In a sign of the new Labour leadership’s determination to restore the partys credibility on the economy, or McDonnell has told the Guardian that the party will manage the economy carefully.
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Source: theguardian.com