Economic Advisory Committee

[7] The inclusion of Piketty and Stilgitz was seen as a particular coup for the Labour Party leadership due to their breakthrough success in mainstream publishing,[10] while the absence of Richard Murphy, who had advised Corbyn on his cornerstone policy of People's Quantitative Easing was noted.

[11] Following the formation of the committee, Economics Editors Robert Peston, then of BBC News, and Chris Giles, of the Financial Times, confirmed that the seven members were unified in their opposition to the spending cuts of Chancellor George Osborne,[4][7] although the latter warned that they had less in common in other areas.

[7] Chris Giles, The Financial Times Economics Editor, countered this claim by referencing relationships between former Labour Party Leaders and economists, such as Neil Kinnock with John Eatwell and Piero Sraffa, and Gordon Brown with Robert Reich and Richard B. Freeman, as well as Conservative Chancellor George Osborne with Alan Budd and Kenneth Rogoff.

[14] At the meeting, Simon Wren-Lewis spoke about fiscal policy, Mariana Mazzucato about strategic investment, and Ann Pettifor about the importance of a strong economic narrative.

[13] Blanchflower quit the panel and said he would also wind up his review of the role of the Bank of England on 28 June 2016 following the mass resignations of the Shadow Cabinet, joining them in calling for Corbyn to step down.