Sainsbury Broke Labour Rules, Purging Likely

LORD SAINSBURY

Top Labour donor Baron Sainsbury’s grant of over £2 million to the Lib Dems this year means, without any doubt, he has broken Labour’s strict membership rules. The 2016 rulebook, Chapter 2 clause I section 4 paragraph B calls for the automatic exclusion of any members who “supports a political organisation other than an official Labour group”. £2,125,000 to a rival party surely counts as support…

Sainsbury’s money, though much needed with the collapse of union donations on the horizon, can’t have been welcomed too much by the current leadership. Although Sainsbury has, particularly during the Blair years, donated some £15.6 million to the party, he’s given over £5 million to the New Labour faction’s Progress and £1.35 million to the Movement for Change – a now defunct front for David Miliband’s ambitions and that was once seen as integral to the New Labour continuity project in the way that Momentum is to Corbyn. The rules are however clear – with £2 million given to the LibDems – Sainsbury has to be purged by Labour’s Compliance Department…




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The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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