An article reviewing the politics behind the Starmer and Reeves’s speech to #lab23 and pointing at the arguments of some of the critics of their line on macroeconomics. I also look at the supply side initiatives they propose and question if it’ll be enough. I note that even funding these supply side measures will remain difficult while they maintain the harshest aspects of their fiscal responsibility rules and their promises on tax i.e. no increases in VAT, income tax and no new wealth taxes. I comment that the growth target is a necessary goal but they don’t specify a credible means of achieving it. This could easily be corrected even if one thinks that these fiscal rules are necessary. Conference also passed a union backed motion on critical infrastructure calling for the renationalisation of energy and railways. For the full article, use the read more button …
Labour’s macroeconomics
