In an interview with the World at One, Livermore welcomed the fact that McDonnell was trying to address the issue
of economic credibility, but argued that simply copying a policy from 2015 was not enough.
Sound economic management, the currency
of economic credibility, is not an alternative to advancing left wing values, improving working class conditions or tackling climate change.
«Sound economic management, the currency
of economic credibility, is not an alternative to advancing left wing values, improving working class conditions»
A party so denuded
of economic credibility that the Tories can increase the deficit by # 75bn, miss all of their fiscal targets, and still maintain a double digit poll lead over Labour, on who is most trusted to manage the economy.
Labour has failed the first test
of economic credibility.»
The sheer weight of Ed Milband as a drag anchor on Labour was unveiled and was quite startling - as was the disastrous failure of Labour to even come close to regaining any semblance
of economic credibility.
They made the number one test
of their economic credibility keeping the triple A credit rating — but on their watch Britain has been downgraded, not once but twice.
Not exact matches
Economic credibility matters for the future
of this party.
The improved
credibility of the central bank's commitment to keep inflation low and stable should, in turn, allow it to deliver better inflation outcomes with fewer short - run costs to
economic growth and employment.
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.
This could undermine the
credibility of the budget and the government's reputation as «good
economic managers», a reputation that has been sinking fast recently.
The stock market whiplash also poses a
credibility problem for the Communist regime, particularly with regard to its
economic and financial liberalization program,
of which the progressive opening
of the domestic share market was meant to be a part.
These two initiatives would further increase the
credibility of the
economic and fiscal forecasts.
Adoption
of sound and consistent
economic policies may gradually build
credibility, but the economy may remain vulnerable during this building process.
Continual upward revisions to the deficit would undermine the
credibility of the government's
economic and fiscal strategy.
Then there is the issue
of the Bank's
credibility in terms
of its obligation to the broader community to do what it can to sustain
economic activity and employment.
It is like the Heritage Foundationâ $ ™ s Index
of Economic Freedom and the Cato / Fraser Instituteâ $ ™ s
Economic Freedom
of the World Report, but supported by the World Bankâ $ ™ s
credibility and clout.
In the context
of the
economic crisis
of the Great Depression, the moral reform precedents lent
credibility to a radical understanding
of the Constitution.
How can Mr. Varney report the news with any
credibility when he can not differentiate criticism
of some aspects
of an
economic system with criticism
of «a specific political system?»
Nanjing LianJia has been holding high - quality, high - efficiency,
credibility and the principle
of reciprocity, which aims to customers supremacy to establish a long - term
economic trade relations.
The government has maintained the move is to enhance policy
credibility and not an admission
of failure on the
economic front.
This approach has a big weakness: critics will see in this outspoken attack on the Labour party a natural willingness
of the Lib Dems to lean towards the
credibility of their
economic strategy over fairness.
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.
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.
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.
Labour took its first step to
economic credibility by Jeremy Corbyn's appointment
of John McDonnell as Shadow Chancellor.
If it wasn't obvious one month ago, it certainly is now:
economic credibility will take on cost -
of - living issues when Miliband takes on Cameron in the struggle for Downing Street.
He needs also to paint in the big ideas
of social justice and
economic credibility on the big canvass
of national politics, not the assiduous detail
of small town and party campaigning.
The party was widely perceived to be lacking strong leadership and
economic credibility, which it assumed it could overcome with a «35 % strategy»
of holding onto its core vote from 2010 and grafting on some Liberal Democrat defectors.
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.
A few years later, with the gift
of hindsight, retrospective analysis has allowed us to question the
credibility of naming Brown an
economic guru.
Miliband himself has now begun to outline how he believes Labour will triumph come 2015, stating that the party «must regain its
economic credibility, have a credible program
of reform for public institutions, and capture the imagination
of the majority
of Britons to want to get on in life and see their families prosper».
Labour last night accused the Conservatives
of failing to prove the
credibility of their
economic promises to cut taxes and deliver new policies.
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.
It features some
of the best campaigners that the party has, balanced with the experience and
economic credibility that our party has developed over the last five years in government.
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.
Asked yesterday about the cut to support for some
of the most vulnerable people in the country, Hammond insisted that the government had to push ahead in order to maintain Britain's
economic «
credibility».
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.
Chuka Umunna, who briefly joined last year's leadership race himself before pulling out and Chris Leslie, the former shadow chancellorare part
of a group working separately from the shadow cabinet, to beef up Labour's
economic credibility.
The acknowledgment
of a golden rule
of British politics, that the voting public demand reassurance from the centre - left about our
economic credibility in a way that they don't from the Tories, is welcome.
Either way they have served to undermine the
credibility of government and its
economic management team.
• He said that Ed Balls was jeered in the Commons yesterday not because
of his stammer, but because he did not have
economic credibility.
He runs through the familiar story, which many ministers have told this week in Birmingham,
of having to form a strong government to protect the UK's
economic credibility.
Most
of our English voters, sceptical about Labour's
economic credibility, just dismissed the announcement.
I was never sure whether the
economic thinking
of the Treasury originated with officials within that department, seeking to retrieve their
credibility after the financial crisis, or with George Osborne and his political advisers.
The letter is the biggest ever endorsement by business leaders
of a political party and will further undermine the
economic credibility of Ed Miliband, the Labour leader, and Ed Balls, the shadow chancellor.
Against this terrific backdrop we should be ten points ahead
of a Labour Party with zero
economic credibility and a leader who was Gordon Brown's special adviser in the Treasury for more than a decade and a member
of his catastrophic Government.
He did add that the judgements
of the rating agencies are «a reflection
of the
credibility»
of the government's
economic policy, but, still, it's that «not the be-all and end - all» line that stands out.
While winning
economic credibility should remain a Labour priority and I've written in the current Progress magazine on how this might be done, it may be that a perceived dearth
of authenticity, rather than
economic credibility, is the most immediate cause
of a heightened risk that Labour will not form the next government.
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.