Bill Mitchell on Labours Fiscal Credibility Rule. Part 2/3. bilbo.economicoutlook.net/blog/?p=40071 
Thus the Rule is incompatible with progressive policy targets. Namely, Full Employment. (Unless u believe in neoliberal NAIRU).
What worries me most is that Labours advisers seem more concerned with fiscal balance than progressive policy. Would they break the rule if necessary?
What worries me most is that Labours advisers seem more concerned with fiscal balance than progressive policy. Would they break the rule if necessary?
And if they break the rule. How would they counter Tory narrative that “Labour is fiscally irresponsible” when it’s breaking its own self imposed rules?
