Labour Vows Budget To End Austerity In First 100 Days?

General election 2019

John McDonnell will promise to deliver a Budget to “end austerity”, in a speech setting out Labour’s priorities for its first 100 days in government. The shadow chancellor will also vow to get “money moving out of Whitehall and the City” if Labour win the election.

And he will detail plans for “democratic control” of newly nationalised water and energy firms. Labour is proposing a big increase in spending on public services and social security to be funded by higher taxes on companies and better-off workers and government borrowing.

He will say “In our first hundred days we will start the process of bringing water and energy into public ownership. We’ll set up boards to run them made up of you, the customer, and you, the worker, as well as representatives from local councils, metro mayors and others.

“We’ll make sure decisions are taken locally by those who understand the services – those who use them and deliver them. Meetings will be public and streamed online with new transparency regulations set higher than ever before.

“So you can see if your road is being dug up, why, and for how long. And we’ll create new People’s Assemblies to hold these boards to account and give everyone the option of participating in how their utilities are run”.

He will accuse past governments of “leaving the fate of whole communities at the mercy of market forces”. Perhaps he will accuse former Labour Chief Secretary of the Treasury Liam Byrne who is never going to live down those fateful words “Dear Chief Secretary, I’m afraid there is no money. Kind regards and good luck! Liam”.

Or perhaps he won’t?

But it will be nice to see “Boards” made up of me, the customer, me the worker, local councillors, metro mayors, and others, then these “Peoples’ Assemblies” to hold these boards to account, and presumably I will be given the option of participating in them too? Perhaps I’ll receive allowances, like Councillor allowances, for doing so? Raised by more council tax? Can’t wait!

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