Labour Names Opponent of BOE Independence as Finance Spokesman

September 14, 2015 12:49 PM

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Labour Names Opponent of BOE Independence as Finance Spokesman

Jeremy Corbyn, the new leader of the U.K. Labour Party, named an opponent of Bank of England independence as the party’s Treasury spokesman, in the latest signal of the main opposition’s new political direction.

John McDonnell organized Corbyn’s successful campaign for the party leadership, which saw the 66-year-old anti-austerity candidate eclipse his rivals to win the role on Saturday with 59.5 percent of the vote. McDonnell favors increasing taxation on businesses, the splitting-up of banks, and a financ...

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