New shadow fin min speaking on BBC Radio ahead of his party conference speech later today
- Labour Party intends to review BOE mandate
- BOE gov is missing mandate on inflation
- will open debate on financial-transaction tax
- implications of FTT must be modelled
- People's QE plan remains on the table
- QE would be used at right point in economic cycle
So the BOE will retain independence after all but with modification
Yesterday I reported the formation of a new economic advisory committee including former MPC member Blanchflower
UK's McDonnell due to set out his plans in more detail today