Article 391C Labour’s economic vision is not exactly Keynes, but it’s a start | Will Hutton

Labour’s economic vision is not exactly Keynes, but it’s a start | Will Hutton

by
Will Hutton
from on (#391C)
The party's plans to boost skills and long-term investment are sensible, feasible, and could change Britain for the better

Policy documents by political parties are typically not the greatest of reads. There is a ritualised attack on the hopeless failings of others, and then a valiant attempt to shoehorn a collection of interventions - some ideological, some a concession to interest groups and some improbably ambitious - into a narrative that only just about has a beginning, middle and end. It's predictable and incoherent.

A Better Plan for Britain's Prosperity, which sets out Labour's economic thinking, is much better than I had feared. It's not Keynes's General Theory, but it's a well thought-through attempt at analysing Britain's problems with some substantive supporting evidence, drawing from a host of small commissions that the party created carefully over the past few years. And it offers a feasible programme that could address the problems it identifies. Claiming it is all anti-business won't wash. Rather it is for a different kind of business and business culture than that which dominates the economy now.

Related: British capitalism is broken. Here's how to fix it | Will Hutton

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