"Economic credibility" refers to the level of trust and belief people have in a country's or an individual's ability to effectively manage and make responsible decisions related to their finances and economy. It is about being reliable, knowledgeable, and trustworthy in handling economic matters.
Full definition
Late last year the Conservatives held a 10 point lead over Labour
on economic credibility — a key metric to watch over the course of this parliament.
For much of the coalition's first two years in power Labour has lagged behind in terms
of economic credibility, but Survation's respondents trusted Ed Balls more on 28 % to George Osborne's 26 %.
Ahead of Saturday 14th January's Fabian New Year Conference there is a renewed focus on how Labour gains
economic credibility in proposing the economic alternative, and it is imperative that such a policy convinces the public.
But the economy wins elections and Labour must also «
rebuild economic credibility», which contrary to Cruddas is not «already being done by Ed Balls».
Labour took its first step to
economic credibility by Jeremy Corbyn's appointment of John McDonnell as Shadow Chancellor.
Stephen Kinnock might think, assisted by a global downturn shattering
Tory economic credibility, that he can succeed where his father failed.
In the 21 months between now and May 2015, Labour's biggest challenge is to
win economic credibility in the hearts and minds of the British people.
Concerned to yank back
economic credibility from the Tories, he reaffirmed the Darling plan to halve the deficit over the course of the parliament, and made points around the need to develop a proper industrial strategy.
Labelled as the continuity Blair candidate, David's victory speech — secured across all three sections of the electoral college, albeit very narrowly with a higher - than - expected turnout from USDAW members in the trade union component, emphasised the need to
capture economic credibility.
They had elected their first MP, the government were implementing unpopular austerity policies and Labour were constrained in their opposition to cuts by a desire to establish their
own economic credibility.
The June Political Monitor shows mixed news on the
relative economic credibility of the parties following last week's speeches by Ed Miliband and Ed Balls.
Welfare reform has been on of the areas that the Lib Dems have found particularly hard in in Government, trying to walk the tightrope
between economic credibility in reducing spending and social justice.
George Osborne's
economic credibility suffered a fresh blow on Thursday when Standard and Poor's became the third of the major credit ratings agency to put the UK's AAA rating on negative outlook.
Let us not forget Liam Byrne's letter, which was used to attack Labour's
economic credibility before and during the 2015 election to devastating effect.
Although the party maintains a steady opinion poll lead, the deficits the party continues to run on leadership and
economic credibility makes many nervous that the headline poll lead will hold water the closer we get to next May.
Labour should seek to win
enough economic credibility to defeat the Conservatives in this battle, while also recovering sufficient authenticity to rebuff the new insurgents.
The Balls approach always envisaged a commitment to remaining within the government's future spending totals — as Gordon Brown's main adviser in the 1990's, he had been the leading champion of matching government plans — but this was for much later in the parliament, once
Tory economic credibility had been destroyed.
All kinds of things change - the importance of being seen as the better leader with the
greater economic credibility is heavily downgraded, the importance of the right - wing press is blown to pieces, the vice-like grip of older voters disappears.
But it works: perversely, after all the economic and social consequences of austerity, the Cameron - Osborne duo remain decisively ahead
on economic credibility.
A lot of the government's troubles this month have been laid at the feet of the Budget, and while Conservative supporters are more positive about it than other voters — as we would expect — there are signs that the government's reputation
for economic credibility has taken a hit.
Lead drops to only two points after Labour leader forgot to mention deficit and fails to
gain economic credibility, poll finds
While Murphy is not the first frontbench Labour MP to make such a claim in recent weeks, with Ed Balls highlighting a similar approach in the latest Fabian Review, this idea was also expressed in the Fabian Society's September 2010 pamphlet The Credibility Deficit by Stephen Beer which focused on Labour rebuilding
its economic credibility and in the process regaining the public's trust.
In fact Stephen Beer claimed Labour needed to respond to the tough decisions it faced on the economy, outline an economic plan for the future rather than a retrospective attack on Coalition policy and most importantly close
the economic credibility gap that was first conceived and then grew during Labour's last years in office.
«He is a very senior figure, a very credible figure, with, in particular,
economic credibility.
A political and policy vacuum is emerging: social democratic parties must be in a position to seize the agenda as
the economic credibility of Conservatism is sorely tested.
Not snakes and spiders in the jungle, but their fiscal rule broken,
their economic credibility in tatters, exposed now as incompetent and unfair.
He has lost
all economic credibility but it's ordinary working families who are struggling to put food on the table this winter because of his failure.
«The government's
economic credibility is now in tatters because we have a chancellor who is anti-growth and fixated on austerity.
In one fell swoop the Tories had renounced
their economic credibility by retreating to the surer ground of Labour's plan.
The theme: how can Labour restore
its economic credibility with the electorate?
Phrases with «economic credibility»