Economic policy and creating space
Over recent months Jeremy Corbyn, now Labour Party leader, and John McDonnell, now Shadow Chancellor, have made four major statements on economic policy. Corbyn issued a document, The Economy in 2020, on 22 July, as part of his Labour leader campaign. McDonnell spoke at Labour Party conference on 29 September, and wrote articles for the Guardian website on 12 August and 12 May. They are a step forward from what we had from Ed Miliband, let alone what we had from Gordon Brown or Tony Blair. McDonnell and Corbyn commit clearly to restoring union rights and to renationalising rail. They advocate...