Tom Watson resigns as Labour's general election co-ordinator

Read the full text of the Labour MP's resignation letter to Ed Miliband.

In a post on his blog, Tom Watson has just announced his resignation as Labour's general election co-ordinator. Here's the full text of his letter to Ed Miliband.

 

Ed Miliband MP

Leader of the Opposition

House of Commons

London

SW1A 0AA

4nd July 2013

Dear Ed,

I said that I’d stay with you as general election co-ordinator within the Shadow Cabinet as long as I was useful. I think it would be a good idea for you, and me, if I stood down from the role now.

As you know, I offered my resignation on Tuesday and you asked me to reconsider. I’ve thought about it and still feel it is better for you and the future unity of the party that I go now. There are some who have not forgiven me for resigning in 2006. I fully accept the consequences of that decision and genuinely hope my departure allows the party to move on.

Yet it’s not the unattributed shadow cabinet briefings around the mess in Falkirk that has convinced me that the arrangement has run its course (though they don’t help). I believe that the report should be published – in full – and the whole truth told as soon as possible so that the record can be made clear. I’ve still not seen the report but believe there are an awful lot of spurious suppositions being written.

I wish to use the backbenches to speak out in areas of personal interest: open government and the surveillance state, the digital economy, drones and the future of conflict, the child abuse inquiries, the aftermath of the Murdoch scandal and grass roots responses to austerity.

Having resigned a couple of times before, I know how puckish lobby hacks might choose to misconstrue the departure. So to make it harder for them let me say this: I’m proud of your Buddha-like qualities of patience, deep thought, compassion and resolve. I remain your loyal servant. I’ll always be on hand to help you if you need me. I just don’t think you need me in the Shadow Cabinet any more. After nearly thirty years of this, I feel like I’ve seen the merry-go-round turn too many times. Whereas the Shadow Cabinet’s for people who still want to get dizzy.

You have it in you to be an outstanding Labour Prime Minister. The road ahead is always rocky but I will be with you all of the way, cheering you on from the backbenches. You’re my friend and leader, and I’m going to do all I can to make sure you win in 2015.

Here’s my parting thought:

John Humphrys asked me why you were not at Glastonbury this weekend. I said Labour leaders can’t be seen standing in muddy fields listening to bands. And then I thought how terribly sad that this is true. So: be that great Labour leader that you can be, but try to have a real life too. And if you want to see an awesome band, I recommend Drenge.

Yours sincerely,

Tom Watson

Member of Parliament for West Bromwich East

Tom Watson poses for pictures outside the Queen Elizabeth II centre in London, on November 29, 2011. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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In your 30s? You missed out on £26,000 and you're not even protesting

The 1980s kids seem resigned to their fate - for now. 

Imagine you’re in your thirties, and you’re renting in a shared house, on roughly the same pay you earned five years ago. Now imagine you have a friend, also in their thirties. This friend owns their own home, gets pay rises every year and has a more generous pension to beat. In fact, they are twice as rich as you. 

When you try to talk about how worried you are about your financial situation, the friend shrugs and says: “I was in that situation too.”

Un-friend, right? But this is, in fact, reality. A study from the Institute for Fiscal Studies found that Brits in their early thirties have a median wealth of £27,000. But ten years ago, a thirty something had £53,000. In other words, that unbearable friend is just someone exactly the same as you, who is now in their forties. 

Not only do Brits born in the early 1980s have half the wealth they would have had if they were born in the 1970s, but they are the first generation to be in this position since World War II.  According to the IFS study, each cohort has got progressively richer. But then, just as the 1980s kids were reaching adulthood, a couple of things happened at once.

House prices raced ahead of wages. Employers made pensions less generous. And, at the crucial point that the 1980s kids were finding their feet in the jobs market, the recession struck. The 1980s kids didn’t manage to buy homes in time to take advantage of low mortgage rates. Instead, they are stuck paying increasing amounts of rent. 

If the wealth distribution between someone in their 30s and someone in their 40s is stark, this is only the starting point in intergenerational inequality. The IFS expects pensioners’ incomes to race ahead of workers in the coming decade. 

So why, given this unprecedented reversal in fortunes, are Brits in their early thirties not marching in the streets? Why are they not burning tyres outside the Treasury while shouting: “Give us out £26k back?” 

The obvious fact that no one is going to be protesting their granny’s good fortune aside, it seems one reason for the 1980s kids’ resignation is they are still in denial. One thirty something wrote to The Staggers that the idea of being able to buy a house had become too abstract to worry about. Instead:

“You just try and get through this month and then worry about next month, which is probably self-defeating, but I think it's quite tough to get in the mindset that you're going to put something by so maybe in 10 years you can buy a shoebox a two-hour train ride from where you actually want to be.”

Another reflected that “people keep saying ‘something will turn up’”.

The Staggers turned to our resident thirty something, Yo Zushi, for his thoughts. He agreed with the IFS analysis that the recession mattered:

"We were spoiled by an artificially inflated balloon of cheap credit and growing up was something you did… later. Then the crash came in 2007-2008, and it became something we couldn’t afford to do. 

I would have got round to becoming comfortably off, I tell myself, had I been given another ten years of amoral capitalist boom to do so. Many of those who were born in the early 1970s drifted along, took a nap and woke up in possession of a house, all mod cons and a decent-paying job. But we slightly younger Gen X-ers followed in their slipstream and somehow fell off the edge. Oh well. "

Will the inertia of the1980s kids last? Perhaps – but Zushi sees in the support for Jeremy Corbyn, a swell of feeling at last. “Our lack of access to the life we were promised in our teens has woken many of us up to why things suck. That’s a good thing. 

“And now we have Corbyn to help sort it all out. That’s not meant sarcastically – I really think he’ll do it.”