"Economic competence" refers to having the knowledge, skills, and ability to effectively manage and understand economic matters. It includes making informed decisions regarding financial resources, understanding and analyzing economic trends, and implementing strategies to promote growth and stability. In simple terms, it means having the know-how to handle and make the most of economic situations.
Full definition
Labour is 11 % behind
on economic competence and no opposition has gone on to win the next election when trailing the government on the economy, after two and half years.
That trend is particularly evident among women — with the party's reputation
for economic competence falling from 20 % to 11 %.
The fine ideals are long gone; it can not be long before this coalition's last claims to
economic competence go too.
To be sure, parties can still lose elections when they go into an election ahead
on economic competence or personal leadership.
However, with both parties trying desperately to secure the mantle
of economic competence neither has yet to fully convince voters that they are better than the other lot.
If Labour attempts to
prove economic competence by supporting most Conservative spending cuts, it's left with little to actively offer voters.
The inescapable fact is that Osborne is trusted to introduce a national living wage because — like it or not — his party is associated
with economic competence, and Labour is not.
There was a policy on parental leave for the self - employed which could either win over a new layer of supporters or provide the Tories with another very effective
economic competence attack.
And if the consequences of Brexit are as catastrophic as many economists predict, Tory claims of
superior economic competence are going to seem increasingly absurd.
Over the last 2 years, the Labour leadership's ratings on leadership and
economic competence started trailing that of the Tory leadership.
Those wanting to win back middle England will want to
emphasise economic competence and rewarding aspiration, while Scottish Labour will want to reclaim Labour's mantle as the party of the NHS, public services and redistribution.
Do their doubts about the party's
economic competence mean these are soft Labour voters who will be peeled away as the election looms?
This event will explore the crucial issue of how the centre - left in British and European politics can restore its reputation for
economic competence drawing on the recent research from Southern Discomfort — One Year On, which identified that Labour has a mountain to climb in winning back voters» trust.
Instead Brown may play a longer game and gamble that a Tory minority administration making unpopular spending cuts during a double - dip recession will rapidly lose support, raising the prospect of fighting an autumn election with his record for
economic competence intact.
This will be an opportunity to set the case for
economic competence under a Conservative government and to exorcize the demons of black wednesday.
If they succeed, then - and only then - will the two Eds stand a chance of winning the race that really matters — the trillion -
guineas economic competence stakes.
The Welsh Liberal Democrats have questioned Labour's
economic competence as it was revealed today that Welsh Ministers have refused to underwrite the proposed Circuit of Wales project in Ebbw Vale - despite already spending # 9million on the project.
That 20 - point advantage to the Tories is the widest gap that ICM has recorded on
economic competence since December 2011, when — with memories of the Brown administration recent, and with Osborne's «omnishambles» 2012 budget still in the future — the Conservative lead on this score briefly hit 21 points.
Economic competence after all is where Labour has been grievously injured and where electoral trust must be most urgently rebuilt.
If Labour does not restore its reputation on the key issue
of economic competence, it will forgo the right to be heard on its wider aspirations for a better society.
As a recent ICM poll showed, his and Ed Balls»
economic competence ratings are not improving nearly as quickly as those of Cameron and George Osborne's.
But McDonnell is proving to be more multi-layered than his caricature, seeking late in his career to match expediency with belief, gripped by the need to
prove economic competence (he reads the findings of focus groups as avidly as New Labour's leading figures used to do), knows the importance of narrative and how George Osborne impressively framed one about how Labour crashed the car and should never be given the keys again.
Labour took the blame for the crisis, just in the same way the Conservatives lost their reputation
for economic competence on Black Wednesday in 1992, when the pound was ejected from the European Exchange Rate Mechanism.
Deep concerns like these don't fit with the reassuring story of
economic competence that's now closely associated with Carney's enviable image.
The team includes a century's worth of combined mining and oil and gas expertise and combines «deep sector expertise and
economic competence» to... →
While Conservatives will be relieved to see their party maintain its lead on
economic competence, their polling has dropped by five points to 13 % since June.
Labour is not running on
an economic competence platform, even though it flirted with it last week.
He explains that he originally recoiled from such action partly because of his fear that nationalising a major UK bank would undermine New Labour's reputation for
economic competence.
Despite it's disastrous track - record of macro-economic management, epitomised by the Lawson boom in the late 1980s and George Osbourne's ill - timed retrenchment since 2010, the Conservatives have consistently positioned themselves as the party of fiscal discipline and
economic competence, as well as the party of entrepreneurship and material affluence.
Labour is struggling to claw back the perception of «
economic competence» it needs to persuade voters to give it another chance, even as public opinion has turned against further government austerity.
The party ahead on
economic competence is supposed to win decisively; yet if May's Tories won at all, for sure it was not decisive.
When it comes to economic policy, Labour isn't too leftwing — but it does struggle to present an image of
economic competence.
The chancellor prides himself on his supposed «
economic competence», but the UK desperately lacks a long - term economic plan for the funding of domestic violence services.
On the plus side, despite all the difficulties of the previous two years, Labour ran the Tories almost neck and neck on
economic competence and leadership qualities.
Phrases with «economic competence»