May 24th, 2008

The Labour Left Looms

The lumpen left of the Labour Party reckons the answer to voter disenchantment is to abandon the centre and turn back to the old ways. A fish rots from the head, the weakness of the party leader makes it more likely that this rot will take hold.

Paul Mason, Newsnight’s shop steward, could barely contain his excitement last night reporting the prospect of a battered Brown introducing higher taxes on high earners, windfall corporate taxes and the expected soon to be announced “equality agenda” – in other words leveling down. This will be kamikaze left-wing stuff. Britain is already sliding down the economic competitiveness league, the Irish are welcoming FTSE 100 companies making the taxodus from HMRC’s demands. Gordon will now be weighing up a shift leftwards, to shore up his position within the party, giving some red meat to the activists and pundits like Polly Toynbee. It will be a change of policy direction based entirely on self -preservation.

He could survive the party conference whatever the polls by promising a left-wing lurch…








Eric Pickles told this morning’s press conference…

“Comrades, welcome to Transport House…”



-Gilts (Mar)
As of 26 Feb 2010
Flat – No Positions
As of 23 Feb 2010 +30.81%
-Gilts (Mar)
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