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Thursday, January 13, 2011

Labour to admit blame on the economy

The Guardian reports what many Labour activists do not want to hear, that their Leader is to fess up to the fact that the previous Government were partly to blame for the economic crisis.

They say that Ed Miliband is to admit Labour made itself vulnerable to the charge of racking up excessive debt in government by being too slow to talk openly and clearly about the need for spending cuts in the wake of the recession.

They add that he is also to concede that the last Labour government must take some responsibility for the deficit to the extent that it did not do enough to regulate the banks, and acted too late to create a more balanced economy less dependent on financial services for tax receipts.

I hate to say it, but I told you so.
Peter I really don't understand what you are trying to say in commenting on the Guardian article. Ed Miliband 's decision to bring a little more honesty to what happened before May 2010 I would argue is a positive not a negative move on the part of the Labour Party. It now allows the party to move on and construct a narrative which people will believe in over the next few years in the run up to the next election. If I were a Liberal Democrat on the left of the party I would be more worried what today's by election in Oldham and Saddleworth might say about my party's future rather than comment about a discussion in the Labour shadow cabinet. What I found far more interested to read were Nick Cohen's article in the Spectator and John Harris' article in the Guardian about the future of the Liberal Democrats. The comments by Adrian Saunders arguing that basically Danny Alexander was a Tory in particular were really interesting. As Nick Cohen correctly points out the tragedy in the 20th century was that the split in the progressive alliance allowed the Conservatives to dominate poltics for much of the century. All of us who are not dyed in the wool tribalists on the left of centre should ensure that the mistakes of the past are not repeated and the Tories end up dominating 21st century UK politics.
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