Yes it was a good speech wasn't it pogs?, and as you rightly said and probably recognised policy will be formulated in the future months as consultation and debate with the Labour Party.
Q E? This is used as a tool of government in time of recession. I posted this explanation a couple of weeks or so ago. Governments have other tools they can turn to prior to that like government bonds etc. All governments have used qe the last recession. QE will not take priority unless another recession hits us, something of a danger given China's woes and our unstable growth based once again on property price rise and consumer debt. Next time though the "printed" money will not be given to disappear into the bankers coffers which was a somewhat sterile operation, but instead be used to invest in new infrastructure, like new hospitals, new bridges, roads etc. The result of this will be to provide construction companies, architects, etc with business, the knock on effect will be money into the economy, greater employment etc. The debt which will be incurred by the government, will gradually be paid down, as the tax receipt from the extra economic activity increase.
Robin Hood tax? Well that well known extreme left wing German Chancellor is a strong exponent. This is generally a tax of 1000th of each transaction, and it is calculated to raise 30bn pa. A useful amount to help with our debt.
This will be consulted on and formulated, in conjunction with people like Merkel, and yess, if it is accepted then it will form part of Labour Policy.
Consultation with the likes of the French Academic, a Bank of England consultant etc, happens with all governments. You surely don't imagine that Osborne hasn't done the same!!!! Don't read anything into Murphy not being mentioned, only the new people were brought to our notice.
