Labour should embrace borrowing to break with austerity

Corbyn at PMQsIt’s probably better for your health if, as a Corbyn supporter, you don’t watch the Daily Politics at the moment. Those of us still addicted to the hectoring headmaster that is Andrew Neil have had to endure a cacophonous chorus of moderates who want to do moderate things like tear the Labour Party apart by fomenting rebellion within its ranks.

The latest bobble head to babble his way through a confused evaluation of why Labour lost the last election has been Stewart Wood, a lifelong Labour peer and close advisor to Ed Miliband. “There was an economic credibility issue,” was Wood’s ground-breaking analysis of Labour’s failings. Continue reading