Miliband will also reportedly back more transparency for the financial services sector and an increase in the resources available to the Serious Fraud Office,
which shadow chancellor Ed Balls has criticised for its «tardy» response to the Libor scandal.
Today's Times (#) also features an interesting interview with Johnson by Rachel Sylvester and Alice Thomson, headlined «No more Mr Nice Guy», in
which the shadow chancellor actually embraces the «Enforcer» nickname.
The speech sought to consolidate a shift in the economic debate in
which shadow chancellor Ed Balls has accepted years of flatlining growth are now at an end.
Not exact matches
The new year saw the
shadow chancellor give an interview to the New Statesman in
which he made clear he wanted to palsy it up with Clegg.
This was enough to worry the
shadow chancellor into responding with a new year interview in
which he extended an olive branch to the Lib Dem leader, saying «I've no reason to doubt his integrity».
When he was appointed
shadow chancellor even some MPs who were sympathetic to Corbyn were horrified, believing the caricature of McDonnell, a ferocious short tempered hard left warrior, such a determined revolutionary that he fell out with Ken Livingstone in the 1980s in a dispute on
which he was to the insurrectionary left of the GLC leader.
While discussing possible tax increases to fund cash - strapped public services,
shadow chancellor John McDonnell suggested any additional burden should fall on «the rich» —
which he defined as people earning «above 70,000 to 80,000 a year».
From 1994 to 1999, Balls served as economic adviser to Gordon Brown, during
which period it emerged that he had written a key speech for the then
shadow chancellor that used the phrase «post-neoclassical endogenous growth theory».
11:56 - I wonder
which of the following weak spots David Cameron will zero in on this week: Ed Miliband's contortions following the anti-Syria intervention vote, his
shadow chancellor's decision to slowly U-turn on austerity, or the fact the GMB are pulling their most of their funding from the Labour party.
After coming out in support of the graduate tax during his leadership campaign, Mr Miliband's favoured policy was instantly destabilised by outspoken comments from his
shadow chancellor saying he still supported tuition fees,
which he originally helped to bring in while in government.
The second is the one that has not yet taken place, but
which Ed failed to prevent when he chickened out of removing Ed Balls as
shadow chancellor (and, more importantly, as the sort of
shadow leader that Gordon Brown was under Blair's leadership).
As the
shadow chancellor put it, it's the election rather than the Budget
which everyone is focusing on.
Turning to pose for the photographers off to the right, the
shadow chancellor demanded that Gordon Brown «stop boasting about [policy] success and start addressing the reasons for its failure,»
which included telling the public about the severity of the situation.
His tax plans,
which have brought criticism from both the prime minister, Tony Blair, and
shadow chancellor George Osborne propose a two pence cut in the basic rate, with the tax deficit supplemented by «green taxes» on vehicles and additional taxes for the rich.
Yvette Cooper is the only Labour figure who has made it into the coverage today in her capacity as
shadow work and pensions secretary,
which incidentally can't be doing her profile as a potential
shadow chancellor any home.
Because of all this, there seems little realistic option but to agree to a free vote (
which the leader's chief ally, the
shadow chancellor John McDonnell, favours anyway).
How does the new leader of the opposition, Nadine Dorries, propose, with her
shadow chancellor, to reduce this deficit,
which her party helped to create.
That «muttering idiot», Cameron barked, again proving that the
shadow chancellor can get reactions out of the prime minister
which other Labour figures only wish for.
The author is a former news editor of the left - wing magazine Tribune and he sits on the national committee of the Labour Representation Committee,
which is chaired by
shadow chancellor John McDonnell.
The opposition's partisanship is being pursued with the zeal and enthusiasm
which only
shadow chancellor Ed Balls can muster.
Speaking at the think tank Demos, the
shadow chancellor said the party is committed to the progressive policies of New Labour in a manner
which Mr Brown's administration is not.
Mark Ferguson at LabourList warns that Ed Balls will be difficult for Ed Miliband to resist: «Unlike Johnson, who was by no means certain to serve as
shadow chancellor for a full parliament, it's hard to envisage a circumstances in
which Miliband could remove Balls.
«The lesson of the Olympics is that if we approach major long - term infrastructure projects by building a cross-party sense of national purpose then we can deliver,» stated the
shadow chancellor,
which raised intriguing questions about just who Balls can imagine himself working with - Nick Clegg?
Ed Balls, the
shadow chancellor, said it was advisable to keep receipts, but other
shadow cabinet members tried to play down his remarks,
which were condemned as absurd by Iain Duncan Smith, the work and pensions secretary.
Hague congratulated her on not putting the
shadow chancellor on the Labour benches «
which helps us to hear».
It reported that 12 senior staff working for Mr Corbyn and
shadow chancellor John McDonnell were members of the groups
which contained more than 2,000 racist, anti-Semitic, misogynistic, violent and abusive messages.
The press are aghast at John McDonnell being selected as
shadow chancellor, but it's Andy Burnham as
shadow home secretary
which is most troubling
He reveals he saw a picture of McCartney's «attractive» shorts and the
shadow chancellor's «very curious pair of black leggings» over his breakfast cereal this morning,
which gets a lot of laughter.
«This incompetent government can't even organise a humiliating U-turn without messing it up,» the
shadow chancellor said, suggesting a meeting between Mr Brown and Mr Field had established an agreement
which Mr Darling «was not part of».
The
shadow chancellor was asked about the
shadow foreign secretary's rousing address,
which many are calling one of the best ever in the House of Commons, as he appeared on Radio 4's Today programme this morning.
Instead, there will now be an emergency debate on the economy, in
which both Cameron and his
shadow chancellor, George Osborne, will speak.»
After George Osborne's statement on the Comprehensive Spending Review, there was a response by newly - installed
shadow chancellor, Alan Johnson - to
which the
Chancellor himself in turn got the chance to reply.
The
shadow chancellor's move has caused concern in Labour ranks because two of his new advisers are or have recently been members of other political parties, with
which Labour is not meant to engage under its constitution.
The vote,
which endorsed Corbyn's pledge to oppose Brexit if the deal failed to protect workers» rights and included full access to the single market, came as John McDonnell, the
shadow chancellor, pledged # 70bn in extra spending for Scotland.
But the new leader and
shadow chancellor will need immediately to demonstrate economic literacy,
which means robustly critiquing George Osborne and articulating a credible and appealing alternative economic approach.
After David Cameron's well - reviewed conference speech last week,
which promised income tax cuts, 39 % of voters say the prime minister and the
chancellor, George Osborne, are the team they would most trust «to manage the economy properly», compared with just 19 % who say they would trust the opposition Labour leader, Ed Miliband and his
shadow chancellor, Ed Balls.
Formby is regarded as part of the inner circle of the leader's office,
which includes Unite leader Len McCluskey,
shadow chancellor John McDonnell and Corbyn's increasingly influential gatekeeper, Karie Murphy.
The answer is to be found in the deteriorating relationship between Labour's leader and his
shadow chancellor, a dysfunction
which is increasingly defining policy - making within the party.
Alan Johnson, the
shadow chancellor, attacked «the deepest cuts to public spending in living memory»,
which he warned could end up «stifling» the economic recovery.
During a Commons statement on the Paris terror attacks
which killed 129 people, Mr Cameron urged Mr Corbyn to reconsider his opposition to shoot - to - kill, while former
shadow chancellor Chris Leslie said the need for such a power should be «immediately obvious».
However, his strident views on
which direction the party needs to go on the economy will be seen as a pitch for the very important
shadow chancellor position alongside the new leader.
There would probably be others that would deal with economics better, but the position at the moment is
shadow chancellor so involves a lot more politics
which Osbourne is usually good at (unless mandleson is involved).