🚨EXCL - here is the most comprehensive picture yet of the Green Party’s radical new economic policy under Zack Polanski Motion C05, titled “Fiscal Referees: A New Economic Framework for People and Planet” and seen by the New Statesman, proposes to overhaul the party’s approach to the economy for the first time in years and is supported by the party leadership It will be voted on at Green conference next month and is expected to pass. There are hopes it will draw a clear dividing line with Andy Burnham's Labour C05 includes a range of proposals that would mark a sharp break with the fiscal and monetary policy of Labour and Conservative governments: Interest rates dropped as the main means of controlling inflation - replaced by price controls, buffer stocks, “strategic taxation”, credit regulation and public investment GDP junked as a measure of economic policy success because it overrates “environmentally destructive, socially harmful or economically wasteful” parts of the economy Gov’t “progressively restricting resource use in sectors that generate pollution, ecological degradation or socially harmful outcomes.” E.g. banning banks from creating credit for fossil fuel extraction/potential human rights abuses abroad Enshrines a proposal already floated by Zack Polanski to throw out fiscal rules and replace them with fiscal referees - OBR to be replaced by “Office of Fiscal Transparency” And the creation of a Fiscal Policy Committee to mirror the Bank’s MPC - would oversee government spending and work toward the party's three main economic goals: full employment, “a social foundation” and keeping the economy “within planetary boundaries”