Go Read This…
Excellent post up on LabourList from Adam Lent of the TUC.
As I’ve commented over there:
I think this is a superb post and is exactly the kind of thinking we need right now.
The next manifesto needs to be framed around two issues:
(i) How do we rebalance the British Economy away from finance, property and over consumption in a world opf less credit?
(ii) How do we go about paying down debt?
I agree that the debt issue is overblown, but we also need to accept that there is a limit to borrowing – although we are not at that limit.