John Mills’ alternative economic plan for Labour

Eds, Miliband and Balls, have had a bruising week being “castigated for not having an economic policy”, says The Daily Telegraph. But fear not, “their party’s biggest donor has kindly come up with a rescue plan”. Entrepreneur John Mills has launched an “alternative economic strategy”, calling for an immediate devaluation of the pound to boost exports and business investment.

Without it, he argues, manufacturing and productivity levels are doomed to flat-line (see below). It’s hardly the cheeriest message, and not exactly tailored to the average voter. But at least Mills is advancing something eye-catching, mutter critics in the Labour Party – which [...]

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