Time to enshrine an employment target in law?
I’m down in Brighton for Labour’s conference where we have learnt from today’s Observer that Alistair Darling:
will attempt to seize back the initiative on the economy – and deflect Tory claims that Labour is reckless with the public finances – by announcing in his conference speech plans for a new law that will force governments to keep the public deficit under control.
We will have to wait and see what this actually means in practice, but I’m worried. Of course the deficit is an issue, but to give it primacy over such real economy measures as unemployment would be a mistake.
But perhaps it’s part of a wider pacakge that includes a legally binding employment target. Now that would be interesting.