New Times,
New Thinking.

17 January 2014updated 28 Jun 2021 4:46am

Miliband wants to set his own test of economic credibility

The Labour leader is confident that by 2015 voters will not be judging parties according to who they think will be better at inflicting austerity.

By Rafael Behr

A mainstay of political commentary this parliament has been the assertion that Labour lacks economic credibility, which has generally been taken to mean the party is perceived to have spent too much money when in government and isn’t yet trusted to take charge of the Exchequer again.

That is certainly the judgement that the Conservatives want to embed in the minds of voters. Tory election prospects rest heavily on the hope that Britain will ultimately recoil from the idea of returning to office the people who presided over the worst financial crisis in living memory and reject Ed Miliband as a potential national leader. David Cameron’s campaign message will, in essence, be: “See how far we’ve come. The economy is growing. Now look at that guy. Are you ready to risk it all on him?”

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