Channel 4 backtracks as 23 economists back McDonnell on investment
On Friday, Channel 4 News’ FactCheck tweeted a link to an article headlined “John McDonnell doesn’t seem to understand how government debt works“. The article claimed that McDonnell had failed to demonstrate an understanding of the way in which the ‘multiplier effect’ and ensuing tax revenues work when he was asked questions about it during an interview with the BBC’s Andrew Neil.
Tories on social media crowed.
The very next day, the programme was forced to tweet a corrected version of the article with a dramatically watered-down title:
“John McDonnell doesn’t tell the whole story on Labour’s borrowing plans“
Quite a difference – and an assertion so weak that it would not really merit an article, since McDonnell never at any point claimed he was telling the ‘whole story’, merely answering the specific questions that were put to him.
On Sunday, twenty-three renowned economists responded to…
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