Shadow chancellor plans broader remit for Bank of England and will say he understands need to bring deficit under controlJohn McDonnell,the shadow chancellor, will promise to match Jeremy Corbyn’s new politics with a new economics, or including a pledge that the next Labour government will live within its means but elope a different kind of economy.
McDonnell’s promise will advance after his predecessor Chris Leslie told him to tone down his negative rhetoric to trade and spell out what he planned to do to make Labour an anti-austerity party. Related: Labour faces a tough time convincing voters on the UK economy Related: Labour moderates warn Corbyn party must be clear on key policies Continue reading...
Source: theguardian.com