Labour will vote against George Osborne's plans to cut the deficit after U-turn
LABOUR’S top team abandoned any pretence of seeking economic credibility last night by pledging opposition to the Government’s push to get Britain back into the black.
John Mcdonnell had previously said he would support George Osborne's plan
In a surprise U-turn, shadow chancellor John McDonnell ordered the party’s MPs to vote in the Commons tomorrow against George Osborne’s plan for running a Budget surplus when the economy is growing.
Mr McDonnell blamed developments in the world economy. His decision is expected to infuriate moderate MPs who fear Labour is lurching further away from any commitment to cut the record deficit.
The pressure on Jeremy Corbyn continues to rise
They believe Labour is vulnerable to being called “deficit deniers”.
Mr McDonnell had promised to support the Chancellor’s “Fiscal Charter”. The Queen’s advisers ordered MPs and officials yesterday to stop referring to Mr Corbyn as “Right Honourable” because he had not joined the Privy Council.
He is also to risk further irritating the party’s MPs tomorrow by repeating his tactic of putting questions sent in by voters at Prime Minister’s Questions.