fiscal proposals

Evaluating economic policy ideas recently offered to the Labour party

This policy paper reviews the report ‘Financing Investment’, commissioned by the Shadow Chancellor from GFC Economics and Clearpoint Advisors, and published on 20th June 2018. The authors say that the report ‘should not be taken to represent the views of the Labour Party or the Shadow Chancellor.’  Its evident purpose is to advise the Opposition and perhaps to elicit comments. It is ostensibly about investment and growth: in this, it echoes the concerns of the 1950s and 1960s. It argues that ‘the UK has fallen too far behind in research & development and its commercial applications.