Politics in Britain are imploding, and not only because of Brexit. This week, Boris Johnson’s Tory government announced that it would be ditching its party’s program of economic austerity and boosting spending on public services to a level not seen in 15 years. On the other side of the aisle, Jeremy Corbyn’s Labour Party has overhauled the 1990s New Labour agenda and outlined a plan to redistribute ownership of companies to the public and workers. Regardless of the eventual outcome of London’s negotiations with Brussels, if Labour wins the next election, Britain’s domestic economic policy may be fundamentally remade.
Economic commentators and reporters have speculated that Labour’s plans could be hamstrung by the U.K.’s international legal commitments.… Seguir leyendo »