
John McDonnell’s Today interview shows the economy remains Labour’s Achilles heel
John McDonnell has busied himself today on the airwaves setting out Labour’s five key demands for the budget. His call for an end to austerity would mean pausing the roll-out of Universal Credit, ditching the public sector pay cap, more money into infrastructure, health, education, and local government along with a large-scale house-building programme. All very well. Only the shadow chancellor’s Today programme interview took a turn for the worse when McDonnell tried to explain how his party would fund this. He appeared to concede this would mean borrowing – along with a mega-crackdown on tax avoidance and changes to corporation tax. But the most telling point in the interview came when he was
