“Red Ed”? Not quite.

Where is the radical candidate who came from behind to win the crown?

Of all the slogans, catchphrases, soundbites and propaganda lines emanating from this Conservative-led coalition government, nothing grates more than George Osborne's High School Musical-inspired "We're all in this together". We're not. The Treasury's own table makes that clear. So, too, does the Institute for Fiscal Studies.

As we approach the end of the year, a time of soothsaying and prophesying, let me make one simple prediction: at the end of this parliament, and as a direct result of this government's policies, the gap between rich and poor will have widened; the rich will be richer and the poor will be poorer. The housing benefit "reforms" are just the tip of the iceberg.

And a new report revealing how FTSE-100 executives received a 55 per cent jump in pay over the past year makes me wonder how they are in this with the rest of us. "Austerity, what austerity?" is the headline over at politics.co.uk. Remember: these are the kinds of people who write letters to the Telegraph urging cuts to public services and fear-mongering about public-sector pensions. Shocking, eh?

But as Jim Pickard notes over at the FT Westminster Blog:

This is why I was frantically seeking political reaction yesterday to the report by Incomes Data Services, which is on our front page today. Criticism came obligingly from Vince Cable, union leaders and from Labour figures including John Denham (Kelvin Hopkins said it was a "moral outrage"). Although it's not quite clear that any of them have a magic bullet to solve the issue.

Ed Miliband's reaction? No comment whatsoever.

It's not as if this isn't a subject close to his heart, supposedly. During the summer he said salary differentials were far too wide – and called for Will Hutton's official review to be extended to the private sector.

So, Ed, where are you? Still running from the "Red" tag? Let's be clear. There is nothing "red" about objecting to reckless, irresponsible and unfair pay rises and telephone-number salaries. In fact, the public would be on your side if you did – polls show voters support a high pay commission and higher taxes on bonuses and object to the growing gap between rich and poor in modern Britain.

Saint Vince of Cable, the Business Secretary, became spectacularly popular in opposition not just because he could dance, but because he relentlessly attacked the excesses and greed of our financial elites. In government too, the sage of Twickenham has been quick to condemn the FTSE fat cats, describing the IDS report as "further evidence that it is time for executive pay to come back down to earth".

I'm amazed – and annoyed! – that Barack Obama over in the United States failed, in the words of Drew Westen, to stake out a "left populist" position on bonuses, pay and corporate excesses in the wake of the financial crisis. And now, the Republicans, fuelled by the popularity of the anti-establishment, right-populism of the Tea Party movement, are expected to retake the House of Representatives from the Democrats in next week's midterm elections.

So I do hope Ed Mili, who ran as an outsider, and to the left of the neoliberal "centre ground" where New Labour had camped out, will learn the lessons of Obama's counterproductive caution and conservatism about finance, bonuses and bailout-related issues. And, as Pickard concludes:

You can understand his determination to shed the Red Ed tag and try to position Labour as close to the centre ground as possible. But those who heard him during scores of summer hustings may now be confused about what he does stand for.

UPDATE:

Given some of the debate and disagreement on Twitter over this blog post, let me clarify a few points:

1) I am still a strong supporter Ed Miliband, who is by far the best, most progressive and inspiring of the three main party leaders. But – shock, horror! – I remain to the left of of "Not So Red" Ed.

2) I do think the left should hold centre-left leaders like Obama, Brown, Miliband, whoever, to account and not give them a pass. See the example of the right/centre right.

3) It is indeed rather boring to see lefties always cry "betrayal" when their leaders disappoint them, but, on the other hand, legitimate criticism of those leaders shouldn't instantly be dismissed, or misdescribed and/or ridiculed as screams of "betrayal". Geddit?

4) I am starting slightly to worry that Ed Mili may have made a rather cautious start to his leadership on the subject of cuts and high pay/bonuses/etc. I suspect that the coalition's fiscal policies will backfire on it and Labour will not be able to exploit the fallout if its own policies/approach/rhetoric are seen as not dissimilar by the public at large. (See Tories and Iraq; see Darling's cuts v Osborne's cuts during election campaign.)

5) Unlike Sunny Hundal and others, I don't think it is unreasonable to expect Ed Mili to come out loudly and passionately on FTSE pay rises today, given the centrality and importance of the High Pay Commission proposal to his victorious Labour leadership campaign only a few weeks ago.

Mehdi Hasan is a contributing writer for the New Statesman and the co-author of Ed: The Milibands and the Making of a Labour Leader. He was the New Statesman's senior editor (politics) from 2009-12.

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The Conservative-DUP deal is great news for the DUP, but bad news for Theresa May

The DUP has secured a 10 per cent increase in Northern Ireland's budget in return for propping up the Prime Minister.

Well, that’s that then. Theresa May has reached an accord with the Democratic Unionist Party to keep herself in office. Among the items: the triple lock on pensions will remain in place, and the winter fuel allowance will not be means-tested across the United Kingdom. In addition, the DUP have bagged an extra £1bn of spending for Northern Ireland, which will go on schools, hospitals and roads. That’s more than a five per cent increase in Northern Ireland’s budget, which in 2016-7 was just £9.8bn.

The most politically significant item will be the extension of the military covenant – the government’s agreement to look after veterans of war and their families – to Northern Ireland. Although the price tag is small, extending priority access to healthcare to veterans is particularly contentious in Northern Ireland, where they have served not just overseas but in Northern Ireland itself. Sensitivities about the role of the Armed Forces in the Troubles were why the Labour government of Tony Blair did not include Northern Ireland in the covenant in 2000, when elements of it were first codified.

It gives an opportunity for the SNP…

Gina Miller, whose court judgement successfully forced the government into holding a vote on triggering Article 50, has claimed that an increase in spending in Northern Ireland will automatically entail spending increases in Wales and Scotland thanks to the Barnett formula. This allocates funding for Wales, Scotland and Northern Ireland based on spending in England or on GB-wide schemes.

However, this is incorrect. The Barnett formula has no legal force, and, in any case, is calculated using England as a baseline. However, that won’t stop the SNP MPs making political hay with the issue, particularly as “the Vow” – the last minute promise by the three Unionist party leaders during the 2014 independence referendum – promised to codify the formula. They will argue this breaks the spirit, if not the letter of the vow. 

…and Welsh Labour

However, the SNP will have a direct opponent in Wales. The Welsh Labour party has long argued that the Barnett formula, devised in 1978, gives too little to Wales. They will take the accord with Northern Ireland as an opportunity to argue that the formula should be ripped up and renegotiated.

It risks toxifying the Tories further

The DUP’s socially conservative positions, though they put them on the same side as their voters, are anathema to many voters in England, Scotland and Wales. Although the DUP’s positions on abortion and equal marriage will not be brought to bear on rUK, the association could leave a bad taste in the mouth for voters considering a Conservative vote next time. Added to that, the bumper increase in spending in Northern Ireland will make it even harder to win support for continuing cuts in the rest of the United Kingdom.

All of which is moot if the Conservatives U-Turn on austerity

Of course, all of these problems will fade if the Conservatives further loosen their deficit target, as they did last year. Turning on the spending taps in England, Scotland and Wales is probably their last, best chance of turning around the grim political picture.

It’s a remarkable coup for Arlene Foster

The agreement, which ticks a number of boxes for the DUP, caps off an astonishing reversal of fortunes for the DUP’s leader, Arlene Foster. The significant increase in spending in Northern Ireland – equivalent to the budget of the entirety of the United Kingdom going up by £70bn over two years  – is only the biggest ticket item. The extension of the military covenant to Northern Ireland appeals to two longstanding aims of the DUP. The first is to end “Northern Ireland exceptionalism” wherever possible, and the second is the red meat to their voters in offering better treatment to veterans.

It feels like a lifetime ago when you remember that in March 2017, Foster was a weakened figure having led the DUP into its worst election result since the creation of the devolved assembly at Stormont.

The election result, in which the DUP took the lion’s share of Westminster seats in Northern Ireland, is part of that. But so too are the series of canny moves made by Foster in the aftermath of her March disappointment. By attending Martin McGuinness’s funeral and striking a more consensual note on some issues, she has helped shed some of the blame for the collapse of power-sharing, and proven herself to be a tricky negotiator.

Conservatives are hoping it will be plain sailing for them, and the DUP from now on should take note. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to domestic and global politics.

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