Labour’s Limited Ambition
By refusing to borrow or raise taxes, Labour is betting all its chips on growth to fund public spending — with no credible plan to stimulate it.
When it comes to the limits of Labour’s ambitions for economic change, it is hard to know where to begin. In just a few weeks leading up to the Labour conference, the party has backtracked on three fundamentals that once underpinned its programme: green industrial investment, reforms to workers’ rights, and tax justice. In all […]