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Labour’s U-turn on the Fiscal Charter is the right move

The Shadow Chancellor's anti-austerity agenda could play well with voters

By Jay Elwes  

Shadow Chancellor John McDonnell's anti-austerity stance might play well with voters © Gareth Fuller/PA Wire/Press Association Images

In his Labour party conference speech, John McDonnell, Labour’s Shadow Chancellor, assured the audience that he would not allow the government to frame the Labour Party as deficit deniers. With this in mind, he made it clear that he would go along with George Osborne’s charter on fiscal responsibility, a measure that commits the…

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