Labour’s Ambitious Plans for UK Prosperity Require a Fiscal Re-Set
Josh Ryan-Collins
The Labour party’s victory presents an opportunity to reduce economic injustice and take decisive action to address climate change. And yet, the defunct neoliberal approach to fiscal policy threatens to needlessly hamstring these efforts. The fiscal rules Labour has set for itself may have helped them win the election, but they reflect a misunderstanding of the UK’s public financing institutional arrangements. Throwing off this fiscal straightjacket will be key to successfully implementing its policy agenda.
