They call on the government to consider a host of measures proposed by a body of academics and economists brought together by the left-leaning thinktank Compass. The proposals, in a manifesto entitled „Plan B: a good economy for a good society“, will be launched in London on Monday. They include:

– An immediate halt to cuts, to protect jobs in the public sector.

– A new round of quantitative easing to finance a „Green New Deal“ to create thousands of new jobs.

– Benefit increases to put money into the pockets of those on lower and middle incomes and give a boost to spending.

– A financial transaction tax to raise funds from the City to pay for investment in transport, energy and house building.