Labour U-turns on budget surplus vote

He told MPs at a party meeting on Monday backing the move would "underline our position as an anti-austerity party" prompting anger among some, the BBC reported. McDonnell had initially backed the Conservative's plans in his speech at the Labour Party conference. But on Monday he said there was a "growing reaction" to the nature and scale of public spending cuts, which had prompted the change of position. Some MPs present reacted angrily and called the move a "shambles". George Osborne's Charter for Budget Responsibility would legally prevent future governments from spending mor...