The future of the left since 1884

Public Finance Choices for the Left

The Fabian society and ICAEW are exploring the public finance choices facing a future Labour government.

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There is a significant prospect of a Labour government in the next few years – and of one that is not afraid of challenging the public policy orthodoxies of the recent past. This project explores the public finance dilemmas and options which might face an incoming government, in anticipation that Labour ministers may soon be in power.

Throughout June and July 2018, the Fabian Society and ICAEW will be assessing how Labour can realise the aspirations set out in its 2017 manifesto, in the context of a sound financial stewardship of the UK’s economy.

Over the coming weeks Andrew Harrop (Fabian Society general secretary), Ross Campbell (ICAEW director, public sector) and other policy practitioners and experts will be sharing their thoughts on:

  1. How can the Labour party achieve higher public spending and fiscal sustainability?
  2. How can fiscal and accounting rules be reformed to support investment and the public ownership of assets?
  3. What approach should be taken to the devolution of public finances, local taxes and geographic fairness?

This analysis was brought together and discussed at a roundtable event, attended by key Labour policy makers and representatives from industry on 11 July.

Insight

1. How can the Labour party achieve higher public spending and fiscal sustainability?

Rebalancing the books

Andrew Harrop

 

 

Realising the left’s ambitions

Ross Campbell

 

Radical but tough, Dan Corry

The austerity shortfall, Howard Reed

2. How can fiscal and accounting rules be reformed to support investment and the public ownership of assets?

Fiscal policy for an activist state 

Andrew Harrop

 

Reforming fiscal rules

Ross Campbell

 

Towards transparency, Gemma Tetlow

Rules aren’t made to be token, Catherine Colebrook

3. What approach should be taken to the devolution of public finances, local taxes and geographic fairness?

Walking a fine line

Andrew Harrop

Striking a balance

Ross Campbell

 

Fairness and its many faces, Iain McLean and Martin Rogers

 


A final report will be written by Andrew Harrop and published in Autumn 2018.

Andrew Harrop

Andrew Harrop is general secretary of the Fabian Society.

@andrew_harrop

Ross Campbell

Ross Campbell is the public sector director at ICAEW where he leads strategy to improve standards in the management of the public finances in the UK and internationally.

@RSCatICAEW

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