Labour party

Tuesday

Matthew Lynn

Labour’s manifesto adds up… to economic ruin

Another day, another tax rise. So far in this campaign, the Labour party has rolled out one hit or another on the wealthy and big business just about every morning. The City is getting a Robin Hood tax on every financial transaction. Companies are getting a one-third increase in corporation tax. Anyone on more than £80,000 will see their income tax go up, and a new levy in high-earners will whack any business paying a star performer more than £330,000. They haven’t slapped a 50pc VAT rate on Range Rovers and Marc Jacobs crocodile handbags – but heck, it is still only Tuesday and there are still three more weeks

Ross Clark Ross Clark

Labour’s manifesto steals from the rich – and gives it back to the wealthy

The consequence of last week’s leak of a draft Labour manifesto is that all eyes today have fallen on what was missing from the draft: the costings. There is a very big assumption in Labour’s figures: that when you raise taxes you get all the extra revenue that you would expect to receive. The reality, of course, is that when you raise taxes you change people’s behaviour which might lead to them paying less tax. With a 45 per cent income tax levy above £80,000 and a 50 per cent rate over £123,000 higher rate taxpayers would have a greater incentive to find some way of avoiding tax – either

The Spectator

Labour Party manifesto 2017 (official version): full text

Labour have this morning launched their manifesto for the election. A big part of being the leader of a political party is that you meet people across the country and hear a wide range of views and ideas about the future. For me, it’s been a reminder that our country is a place of dynamic, generous and creative people with massive potential. But I’ve also heard something far less positive, something which motivates us in the Labour Party to work for the kind of real change set out in this manifesto. It is a growing sense of anxiety and frustration. Faced with falling living standards, growing job insecurity and shrinking

Isabel Hardman Isabel Hardman

This election isn’t about policy – and it shows

One of the complaints that allies of Jeremy Corbyn often issue is that his critics – whether in his own party, the media, the Tory party or the general electorate – tend to focus on the man, not his policies. His policies are, those allies argue, actually very popular with voters — when you test them without mentioning either Labour or Jeremy Corbyn. Which seems to be proving rather difficult in this election. There are two problems with this. The first is that voters don’t give a fig about your wonderful policies if they don’t trust your party’s leader to be competent enough to enact them. Every Labour MP I

Sunday

Charles Moore

To tax the rich, introduce a tax cut

Jeremy Corbyn wants to put up income tax only for people who earn more than £80,000 a year, he says. Anyone below that figure is safe. This reminds me of John Smith’s ‘shadow Budget’ in the 1992 general election. Smith said that the top rate of income tax would rise to 50 per cent for everyone earning more than £36,375 a year (which would be just under £72,000 today). Most people earned much less than the sum chosen, but voters decided they did not like such a clear intention to damage the higher earnings they hoped they might one day achieve. The shadow Budget was said to have lost Labour

Saturday

Brendan O’Neill

Labour’s plan to ban unpaid internships will do more harm than good

Nothing better sums up middle-class millennials’ sense of entitlement than their demand that they be paid for interning. ‘Paid internships now!’ has become the rallying cry of young media people and the Twitterati and now the Labour Party, too. Its throwback manifesto, leaked this week, promises to ‘ban unpaid internships’, on the basis that ‘it’s not fair for some to get a leg up when others can’t afford to’. Self-regarding youths will cheer this, as will their sad-eyed supporters in the press, but the rest of us should raise a collective eyebrow. There are many grating things about the call for paid internships. Here are just three of them. First,

Friday

Isabel Hardman

What politicians mean by a ‘great response’ on the doorstep

It’s that time of the year when politicians start posting pictures of groups of people smiling eerily while holding party placards and claiming that they’ve just had a ‘great response’ on the doorstep.  For the uninitiated, this sounds as though the people opening their doors in each street are just thrilled to see said eerily smiling groups of campaigners striding up their garden paths. For those of us who spend election campaigns following politicians of all hues around on doorsteps, we know that a ‘great response’ is more likely to mean that only three people in a very long street were both in and disposed to opening their front doors. 

The Spectator

Jeremy Corbyn’s Chatham House speech, full text

Chatham House has been at the forefront of thinking on Britain’s role in the world. So with the General Election less than a month away, it’s a great place to set out my approach: on how a Labour Government I lead will keep Britain safe, reshape relationships with partners around the world, work to strengthen the United Nations and respond to the global challenges we face in the 21st century. And I should say a warm welcome to the UN Special Representative in Somalia,  Michael Keating, who is here today. On Monday, we commemorated VE Day, the anniversary of the victory over Nazi Germany in Europe. VE Day marked the defeat

Tom Goodenough Tom Goodenough

Labour’s manifesto: the newspapers’ verdict

Labour had a day to forget yesterday: the party’s leaked manifesto was plastered all over the newspapers, its leader was a no show at Labour’s poster launch and Corbyn’s car collided with a BBC cameraman. On the plus side, the party has succeeded in snatching the headlines away from the Tories. But is this wall-to-wall coverage a good thing? Here’s what the newspaper editorials are making of Labour’s manifesto: Labour’s plan for government is a ‘misguided bid to turn the clock back’, according to the FT. In its damning editorial, the paper says that its clear the opposition wants to ditch the ‘market economy’ which has ‘delivered prosperity for Britain’ for

Ross Clark Ross Clark

Labour’s manifesto is a fiscal fantasy land – but the Tories would be wrong to ignore it

Labour’s leaked manifesto is, predictably enough, a fiscal fantasy land with lots of spending pledges and rather few tax rises to pay for them –  higher taxes for the top five per cent of earners would not necessarily earn an extra penny in revenue if they encouraged more avoidance or flight to tax havens. But does that mean it is all rubbish? Not at all. Conservatives would do well to refrain from the dismissive talk about the manifesto being a suicide note and recognise that there are some good ideas which they should emulate. No conservatives, for example, should be sneering at a promise to scrap the plan to force small

Thursday

The Spectator

No left turn

It would be easy to dismiss Jeremy Corbyn’s launch of the Labour party’s election campaign this week on the grounds that hardly anyone believes he has the slightest chance of becoming prime minister. But given that David Cameron was given a 0.5 per cent chance of winning a majority, and Donald Trump a 1 per cent chance of the presidency, it would be foolish not to take the main opposition party seriously. At the very least, Corbyn’s ideas need to be examined in order to understand why Labour finds itself in the position it does, and why no party leader to the left of Tony Blair has won a general election

Nick Cohen Nick Cohen

The counter-revolution begins, comrades, on 12 June

Think of the Parliamentary Labour Party as a regiment ordered over the top in the First World War. The soldiers know the generals haven’t a clue. They know the battle was lost before it began. The only question in their minds is who makes it back from the slaughter. The projected casualty rates vary. Corbyn’s supporters want to justify the left continuing to cling onto the leadership by getting close to Ed Miliband’s share of the vote in 2015. If they succeed they will keep the Labour party at 30 per cent and give the Tories a majority of 60 or 70. London Labour MPs also feel that the losses

Stephen Daisley Stephen Daisley

Labour’s manifesto reveals one thing: the Left has run out of ideas

Just when you thought things couldn’t get any worse for Labour, Noam Chomsky goes and endorses Jeremy Corbyn. ‘If I were a voter in Britain, I would vote for him…He’s quiet, reserved, serious, he’s not a performer,’ Chomsky told the Guardian. But the more you read of Chomsky’s endorsement, the more you wonder if he was put up to it for a bet. He says that: ‘The shift in the Labour party under Blair made it a pale image of the Conservatives.’ Tony Blair, that infamous electoral dud. Chomsky is regularly cited as the world’s ‘top public intellectual’. It’s a slippery phrase. Friedrich Hayek called his ilk ‘the secondhand dealers in ideas’. I

Steerpike Steerpike

Watch: Corbyn’s car drives over BBC cameraman’s foot

Jeremy Corbyn’s day is going from bad to disastrous. Labour’s draft manifesto has been leaked and is splashed all over the newspapers. And the Labour leader was a no show at the party’s poster launch. So you might be forgiven for thinking that things couldn’t possibly get any worse for Corbyn. Not so. When the Labour leader arrived at the party’s manifesto meeting, his car – reportedly with Corbyn still inside – ran over a BBC cameraman’s foot. Here’s a video of the injured cameraman being tended to afterwards: This BBC cameraman has just had his leg ran over by the car Jeremy Corbyn arrived in at Labour’s manifesto signing. #GE2017 @5_News

Matthew Lynn Matthew Lynn

The last thing Brexit Britain needs is Labour’s old-fashioned socialism

Big hikes in corporation tax. A sweeping programme of nationalisation. Large increases in the minimum wages, a 20-1 cap on executive pay, and, just in case it gets lost in that blizzard of promises, hefty tax increases on anyone earning more than £80,000 a year. Even in a normal year, the leaked Labour party manifesto has more than enough in it to make anyone in business or industry feel just slightly nervous. But hold on. This is hardly a normal time for the British economy. We know Jeremy Corbyn and John McDonnell would like to pretend it simply wasn’t happening, but 2017-22 will also see the most crucial, and in many ways

The Spectator

Leaked draft of Labour 2017 manifesto – full text

Labour’s draft manifesto for the general election has been leaked; here’s the full text: Manifesto: For the many not the few Creating an economy that works for all Our economic strategy is about delivering a fairer, more prosperous society for the many, not just the few. We will measure our economic success not by the presence of millionaires, but by the ability of people to make ends meet. Labour understands that wealth creation is a collective endeavour – between investors, workers, public services, and government. Each contributes and each must share equitably in the rewards. This manifesto is about rebalancing the economy and re-writing the .rules of a rigged system,

Tom Goodenough Tom Goodenough

What’s in Labour’s leaked manifesto?

Labour is meeting today to finalise its manifesto. The only sticking point? A draft manifesto has already been leaked. The party’s plans to woo voters are splashed across the Daily Telegraph and the Mirror. They’ve also been leaked to the BBC. Make no mistake: this is a huge embarrassment for the party and does nothing to dispel the Tory attack line that Labour would be at the forefront of a coalition of chaos if it wins come June 9th. After all, if it can’t get its manifesto launch right, how can Labour be trusted to govern? So what does the manifesto say? There are few surprises. But for Corbyn’s supporters,

James Forsyth James Forsyth

Twelve months of May

Normally, the first anniversary of a prime minister taking office is the occasion for a lot of opinion polls and assessments. But by going to the country early, Theresa May has pre-empted that. By the time she has been in No. 10 a year, the voters will already have delivered their verdict via the ballot box. Still, it is worth assessing what May has done so far. When she arrived in No. 10, her team had three main priorities. They wanted to complete the modernisation process by making the Tories more appealing to the so-called ‘just about managing’ classes, and to those outside the party’s heartlands. They were determined to shore

Wednesday

Rod Liddle

Jeremy Corbyn is starting to sound like a decent Labour leader

I didn’t see a ferret, reverse or otherwise, during Labour’s campaign launch or after. I heard some quite silly, grandstanding, questions from Laura Kuenssberg. And I heard a Labour leader who sounded a bit like…..well, a decent Labour leader. None of this is to deny the patent catastrophe of Corbyn’s leadership of the party hitherto, or to suggest that I agreed with everything he said. But he spoke from the heart, passionately, with a conviction I do not hear in Theresa May’s frankly automaton repetitiveness. And much of what Corbyn had to say about tax avoiders, inequalities and hardship will play very well with his core vote north of the

Lloyd Evans Lloyd Evans

Theresa and Philip bored the nation with their strong and stable relationship

How was last night’s TV squirm-athon? The sacrificial victims handled it pretty well, at first. Theresa May and her unknown husband, Philip, were roasted live on a BBC sofa. The idea, presumably, was to make them seem relaxed, normal, unexciting, not too posh, at ease with themselves and, above all, genuine. Dull Phil sported a bland shirt, no tie, and a forgettable jacket. With his gnomish pallor and his thick-rimmed spectacles he resembled Sir Ian McKellen entering a Woody Allen lookalike contest. Mrs May was in headmistress mode. Her wandering lips – each has a life of its own – were painted in hard-Brexit scarlet. She wore a black-and-white tunic