Letter to the I: The Labour Party

The I's interview with the Labour Party Shadow Chancellor John McDonnell was very revealing into how deluded him and his leader really are.  He points to the 2008 economic crash as the main point at which Labour lost economic credibility.  Very tellingly he mentions nothing about how Gordon Brown as Chancellor escalated spending to the point where extra borrowing topped it up.  It is obvious that he didn't mention this because this is exactly what his economic plans entail; spending and borrowing without limits.

     The Tories exaggerated the extent to which Labour overspent to justify their fanatical quest to shrink the state at all costs. But this does not mean that Labour must revert to stereotypical socialism.  It is clear that Corbyn and his allies are more interested in discrediting the New Labour legacy than he is in gaining power.  The problem is that he and his allies mistakenly see New Labour and the Tories' vision as being synonymous.

Regards

Zac Barker