Labour has a serious economic policy – now it needs to be serious about stopping a coup

17th March 2016 Socialist Action 0

John McDonnell’s announcement of a ‘Fiscal Credibility Rule’ lays the foundation on which Labour can restore its economic credibility and correct the key policy failure that lost it the 2015 General Election. Jeremy Corbyn’s anti-austerity agenda is now underpinned with a sound economic framework. These policies to improve people’s living standards should set Labour’s agenda for its fight against the Tories. To guarantee this advance can be maintained it is necessary to remove the threat of a leadership coup.