Tuesday 27 June 2023

More Than Spiking Costs

Greedflation is now just a fact, resisted only by cultists. If you want to know how dangerous it is to oppose even the IMF from the right, then ask Liz Truss. Ask anyone, in fact, since for the rest of our lives we are all going to be cleaning up her mess and Kwasi Kwarteng's, the mess from mere suggestions that were never even put to a Commons vote, much less signed into law.

Truss should be made to go round South West Norfolk with her guru, Patrick Minford, and make the case for his view that Britain ought to have no agriculture. In general, though, anyone who still believed in Trussonomics ought to vote Labour. Labour opposed only one mini-Budget measure, the only one that Truss had not pitched to the Conservative Party membership, and it would have abstained if there had ever been a Commons division on the mini-Budget.

But when I tell you that there is going to be a hung Parliament, then you can take that to the bank. I spent the 2005 Parliament saying that it was psephologically impossible for the Heir to Blair's Conservative Party to win an overall majority. I predicted a hung Parliament on the day that the 2017 General Election was called, and I stuck to that, entirely alone, all the way up to the publication of the exit poll eight long weeks later. And on the day that Rishi Sunak became Prime Minister, I predicted that a General Election between him and Keir Starmer would result in a hung Parliament.

To strengthen families and communities by securing economic equality and international peace through the democratic political control of the means to those ends, including national and parliamentary sovereignty, we need to hold the balance of power. Owing nothing to either main party, we must be open to the better offer. There does, however, need to be a better offer. Not a lesser evil, which in any case the Labour Party is not.

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