The Guardian’s exclusive from John McDonnell in advance of the Labour conference:
McDonnell will announce that Labour MPs will be expected later this autumn to vote for the chancellor’s fiscal charter unveiled in the budget in July. It commits the government to delivering an overall surplus by 2019-20 and to running an overall budget surplus in “normal times”. The shadow chancellor said: “We will support the charter. We will support the charter on the basis we are going to want to balance the book, we do want to live within our means and we will tackle the deficit.” But McDonnell makes clear that he takes a radically different approach to the austerity measures of the Tories
Is he going to rearrange the spending deck-chairs, or is he going to be asking (all of) us for a lot more money?