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First the shadow chancellor John McDonnell said the Labour Party would vote in favour of chancellor George Osborne’s so-called fiscal charter (the charter would legally prevent governments from spending more than they bring in in tax revenue when the economy is growing). And then, yesterday, McDonnell appeared to do a complete U-turn. Labour will now oppose Osborne’s charter.
And so our question to you is: should this have been Labour’s position all along? Is Labour right to oppose the chancellor’s fiscal charter?
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55 Responses to “POLL: Was John McDonnell right to reject George Osborne’s fiscal charter?”
Walter Wiltshire
Can only be done through labour leadership and 300,000 of us have decided the way, your Blairite 5% lost the argument
Walter Wiltshire
The 300,000 are Labour Members, sorry I don’t suppose Tories can comprehend those sort of membership numbers
Walter Wiltshire
Fully agree
johnm55
He is probably correct in rejecting it, because it doesn’t make economic sense. There are circumstances when the government running a deficit is the right thing to do. What he shouldn’t have don was to stand up at conference and announce that he supported it only to change tack two weeks later.
madasafish
John McDonnell is quite right. The capitalist scum are refusing to pay taxes through avoidance of hundreds of billions of pounds. Come a Labour victory, that will be sorted and no-one need pay taxes again, welfare will not be capped and all immigrants wellcomed with open arms.