Saturday, 15 August 2015

Economic Credibility

Lucy Powell, one of Ed Miliband's top aides, was on Newsnight last night. Her comments epitomised the irrationality of some parts of the Labour Party.

She refers to polls taken after the election that showed that one reason many didn't vote Labour was because they didn't trust the party on the economy – that Labour weren't, in the now-familiar phrase, "credible on the economy".

Powell implies that this is evidence that Labour must move closer to the Tories' economic policies, and since Corbyn's economic policies are further away, he isn't electable.

What nonsense.

We have to imagine that she, Ed Balls, and Ed Miliband thought they were credible on the economy when they were campaigning – so what the poll results *really* mean is that Labour weren't able to *market* themselves as being credible to the electorate.

And, let's face it, Labour had an uninspiring, mediocre campaign that failed – both from the point of view of the "air war" at a national level and the "ground war" at the local level. (A subject I'll go into at a later date, based on my experience in South Thanet.)

The take-away for me is that whatever economic policies we think are the best for the country need to be presented to people in a much more effective manner, in a manner that *establishes* Labour's economic credibility – *by making the case effectively*.

New Labour, on the other hand, has decided that the election result tells us that economic credibility for Labour now equals Osbornomics, but with a few more crumbs from the table left over…

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