There’s no doubt about it – the Labour Party has reached a fork in the road and on 12 September the fate of the progressive centre-left in Britain will be sealed. There are millions whose living standards and working conditions depend on Labour winning government in 2020 to fight for power, wealth and opportunity in the hands of the many not the few. If we get this wrong, the Tories could be in office for a generation. So I urge Labour members to think incredibly carefully and look at the detail before they cast their vote.
The superficial appeal of those on the hard left may be tempting at one level; big bold rhetoric presents a ‘clear choice’ to motivate the currently unenthused. But we have a duty to scrutinise the consequences of those policies being espoused with such sweeping certainty. Take, for example, the proposal for a ‘People’s Quantitative Easing’ where the Bank of England is instructed to use QE to directly finance infrastructure and public service projects. At one level it sounds so easy – if there’s a shortage of money, just print some more!
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