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What should Labour’s economic policy look like?

The state should not just be an enabler of innovation, but a driver of it

By Simon Wren Lewis   January 2016

©Niall Carson/PA Wire/Press Association Images

Since I accepted an invitation to be a member of Labour’s Economic Advisory Council many people have asked me what Labour’s economic policy will be. When I say I have no idea, they probably think I’m just being coy. But my answer reflects a reality which I think many people miss. The Labour leadership has to reach a compromise with the majority of the parliamentary party. Any other strategy involves self-destruction. So looking at the economic views of Corbyn and McDonnell,…

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