The growth of large metropolitan centres, especially in the South, has transformed the growing urban population – with more Black, Latino, Asian, progressive, and unionised voters. For the ruling class...
Read More
How Labour should deal with the Fiscal Responsibility Act
Labour took its first step to economic credibility by Jeremy Corbyn’s appointment of John McDonnell as Shadow Chancellor. It was vital to appoint someone who would break from the confused economic policies pursued by previous Labour administrations and in opposition. John McDonnell’s was the correct appointment and he proved it immediately and at Labour conference. His establishing the position that Labour would not run a budget deficit over the course of the business cycle on current expenditure, but would borrow for investment, was precisely the correct position. It was in line with the theoretical analyses of both Marx and Keynes. It provided the framework for the other correct polices that began to be laid out at the Labour Party conference – for example on the National Investment Bank, opposition to removing the budget deficit by cuts to welfare.
Jeremy Corbyn’s and John McDonnell’s speeches to Labour Party Conference
In case you missed these speeches.
Jeremy Corbyn speech sets out new, winning agenda for Labour
A triumph for Jeremy Corbyn’s first speech as Labour leader will have underpinned his position and won over new supporters. It was a further stage in the political fightback by the incoming Labour team. Delegates left the hall buoyed by both the new style and the new substance of leadership.
How the Labour right is preparing its anti-democratic coup
The Labour Party membership was delighted by Jeremy Corbyn’s first leader’s speech to Party conference. But Labour Party members will be outraged to have it confirmed that the right wing is already planning how to attempt an anti-democratic coup to remove Jeremy Corbyn as leader, over-riding the vote of the Party membership.