Ed Miliband announced this week that Labour would hold an EU in-or-out referendum in the next parliament – but only in the unlikely event of a new European treaty transferring powers from London to Brussels. So is it a smart bit of positioning – or the worst of both worlds?
Joining Tom Clark in the studio this week: the author of Are Markets Moral? and crossbench peer Robert Skidelsky and the Guardian's economics editor Larry Elliott.
Also this week: Ed Balls promised – guaranteed – that everyone between the ages of 18 and 24 who was not in education or employment would be found a job - for at least six months. The scheme is likely to cost around £5bn and would be paid for by a new bonus tax on bankers. But are such schemes effective?
Plus: as we look ahead to next week's budget we focus on the central measure of economic growth: gross domestic product (GDP). How is it calculated? And how reliable is it as method of measuring the health of an economy? Economist Diane Coyle is author of GDP: A Brief But Affectionate History and explains all.
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