In 2010, the Labour Party was supine, electing Ed Miliband as leader with the unspoken slogan, "The Labour government was terrible; vote Labour."
The party allowed the Tories to peddle a version of recent history that was almost the opposite of the truth, which was that Gordon Brown saved the banks. Brown's slip of the tongue claiming to have "saved the world" - was more true than the Osborne version. By saving the banks, Brown stabilised a credit crunch that could have turned into a depression that would have cost millions of jobs; and he helped coordinate global action to do the same elsewhere.
Yet Osborne sold a story of a reckless Labour government that had overspent, failed to "fix the roof while the sun was shining" and bequeathed to him a broken economy that would take at least five years to mend.
Now Labour is engaged in an equal and opposite sleight of hand. Reeves, the new chancellor, is selling a story of a reckless Tory government that tried to make unfunded tax cuts, failed to "fix the foundations" and bequeathed to her a broken economy that will take at least five years to mend.
Bu hikaye The Independent dergisinin July 14, 2024 sayısından alınmıştır.
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Bu hikaye The Independent dergisinin July 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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