The first concerted attempt to map out a new agenda for Labour urges
greater economic credibility on public spending cuts.
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.
Not exact matches
Those countries with less - developed institutions and financial systems, limited policy
credibility,
greater foreign currency debt and / or more precarious
economic situations are certainly more exposed than others to external shocks.
A strengthened (more resources), and more independent (report to Parliament) PBO would promote
greater understanding of complex budget issues; it would strengthen
credibility by encouraging simplification and forcing the government to defend its
economic and budget forecasts; it would improve the budget process by promoting a straightforward and more understandable and open process; it would promote accountability by commenting on the government's projections and analysis; finally, by being nonpartisan it would provide analysis and research to all political parties.
In the context of the
economic crisis of the
Great Depression, the moral reform precedents lent
credibility to a radical understanding of the Constitution.
And Osborne's attempt to make deficits illegal is a
great chance to face up to the past and rebuild
economic credibility.