After Guido first reported the departure of Downing Street’s infrastructure SpAd Nick Williams in a policy unit shake-up the ex-SpAd has taken to The Times to swing his bat. Williams, previously a Treasury civil servant before moving to become Labour’s Head of Economic Policy, says:
Williams says the fiscal rules are “responsible and fair” and that Labour can and will raise taxes further without breaking its manifesto promises to pay for defence and the cuts to migration. That sound you can hear is the pitch being firmly rolled…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”