You can applaud some of John McDonnell’s plan but some are vague and others just plain odd
Let’s start with the good bits in shadow chancellor John McDonnell’s speech on “rewriting the rules of our economy”. Forcing big accounting firms to split their auditing and consulting units is justified: current conflicts of interest are too great. One can applaud the push to get workers onto boards. And enhanced voting rights for long-term shareholders is an idea worth exploring.
If McDonnell had stopped there, he would have had a worthwhile package of reforms. But he moved onto territory that ranged from radical to vague to plain odd.
If Labour wants to rewrite the rules it needs clearer policies