| The fiscal rules 16:53 - Jul 7 with 1075 views | DJR |
Sharon Graham calling today for the fiscal rules to be relaxed to allow more borrowing for investment.
Of course, Rachel Reeves isn't going to be persuaded by that but I wonder if Torsten Bell, a very clever man and the new Labour MP for Swansea West, might have more influence given this from his profile in today's Observer.
"His recent book on improving the economy was Starmerite in outlook, putting economic growth at its heart. However, he did call for a rewriting of fiscal rules to allow for long-term investment in infrastructure. Expect Bell to have a significant policy job at the centre of a Labour government that has staked everything on securing economic growth."
Don't expect him though to know the words to the Welsh national anthem. [Post edited 7 Jul 2024 17:02]
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| The fiscal rules on 17:54 - Jul 7 with 850 views | CoachRob |
Yuan Yang is another who has proper grasp of financing investment. I know the IIPP at UCL have also called for greater investment through a range of different initiatives.
I hope the recalcitrant silliness of "there is no money" is quickly put to bed and Labour commit to new ideas for getting the country back on track to meet our climate obligations.
The Labour plan for climate change has some impressive targets with regards to the energy sector, but is very vague and is going to require significantly more investment than what has been proposed. I seen some state that Labour need two or three terms before it would be in a position to significantly change things, this is not aligned with the scientific consensus and imho is a form of nihilism or doomerism. |  | | |
| The fiscal rules on 17:58 - Jul 7 with 826 views | chicoazul |
If it’s borrowing then it isn’t growth is it. Not that I’m saying I mind, but let’s not call it what it isn’t. |  |
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