Former MPC member Blanchflower joins the UK Labour Party's economic advisory committee

The UK opposition Labour Party has announced its panel of economic advisers in a bid to gain credibility Bloomberg report

The group includes former BOE MPC member David Blanchflower,and Nobel Prize winner Joseph Stiglitz

Also on the team are Thomas Piketty, author of best seller "Capital in the 21st Century", Mariana Mazzucato of Sussex University, Anastasia Nesvetailova and Ann Pettifor both of City University in London

Shadow fin min John McDonnell says:

"I am delighted to convene this Economic Advisory Committee that will assist in developing a radical but pragmatic and deliverable economic policy for our country. It will assist in developing a fairer and more prosperous economic alternative based on investment and growth which reaches all sections of society"

All sounds admirable but tomorrow we learn what some of that policy will involve as McDonnell addresses the Labour Party Conference tomorrow

Eamonn has posted this on the plans to lend some support to the UK govt's budget surplus goal