John McDonnell
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John McDonnell: 'It is about regaining the public's trust'

Labour has announced what it calls a new "fiscal credibility rule".

This will oblige any future Labour government to balance "day-to-day" spending with the amount it raises in taxes.

Shadow chancellor John McDonnell said: "It is about regaining the public's trust with the public finances".

Kamal Ahmed reports.

  • 11 Mar 2016
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