If Inside Croydon‘s loyal reader thought that parts of the speech given at the Labour Party Conference today by John McDonnell, the new shadow chancellor, sounded familiar, then they really ought not be surprised.
Many of the thoughts behind the anti-austerity approach to tackling the economy have already been outlined on Inside Croydon.
That’s because we’ve been fortunate to have Andrew Fisher as a regular commentator for this site. And McDonnell has been a long-time admirer of the work of Fisher. They also worked together at the Left Economics Advisory Panel, which Fisher co-founded in 2006 and McDonnell chaired.
Croydon resident Fisher published a book last year, The Failed Experiment, which outlined how the consensus approach to western economies over the past four decades had failed billions of people, while helping make billions for a handful of people. We reviewed the book here.
And since Jeremy Corbyn was elected as leader of the Labour Party, trades union official Fisher has got a new job: as political adviser to Corbyn.
In his speech today, McDonnell said, “George Osborne fought the last election on the myth that the slowest economic recovery from recession in a century has been some sort of economic success.
“In reality the Tories presided over the longest fall in workers’ pay since Queen Victoria sat on the throne.
“A recovery based upon rising house prices, growing consumer credit and inadequate reform of the financial sector. An imbalanced economy overwhelmingly reliant on insecure jobs in the service sector.”
- Read Andrew Fisher’s previous columns for Inside Croydon here
- As Newman celebrates, Whitgift workers fret over their futures
- Inside Croydon Events: for dates and links to what’s happening in and around Croydon, updated daily, click here
Inside Croydon: Named among best regional media campaigns, 2014.
- Croydon’s only independent news source, based in the heart of the borough: 729,297 page views in 2014.
- If you have a news story about life in or around Croydon, a residents’ or business association or local event, please email us with full details at email@example.com