Labour party

The consequence of last week’s leak of a draft Labour manifesto is that all eyes today have fallen on what was missing from the draft: the costings. There is a very big assumption in Labour’s figures: that when you raise taxes you get all the extra revenue that you would expect to receive. The reality, of course, is that when you raise taxes you change people’s behaviour which might lead to them paying less tax. With a 45 per cent income tax levy above £80,000 and a 50 per cent rate over £123,000 higher rate taxpayers would have a greater incentive to find some way of avoiding tax – either

Jeremy Corbyn wants to put up income tax only for people who earn more than £80,000 a year, he says. Anyone below that figure is safe. This reminds me of John Smith’s ‘shadow Budget’ in the 1992 general election. Smith said that the top rate of income tax would rise to 50 per cent for everyone earning more than £36,375 a year (which would be just under £72,000 today). Most people earned much less than the sum chosen, but voters decided they did not like such a clear intention to damage the higher earnings they hoped they might one day achieve. The shadow Budget was said to have lost Labour

Nothing better sums up middle-class millennials’ sense of entitlement than their demand that they be paid for interning. ‘Paid internships now!’ has become the rallying cry of young media people and the Twitterati and now the Labour Party, too. Its throwback manifesto, leaked this week, promises to ‘ban unpaid internships’, on the basis that ‘it’s not fair for some to get a leg up when others can’t afford to’. Self-regarding youths will cheer this, as will their sad-eyed supporters in the press, but the rest of us should raise a collective eyebrow. There are many grating things about the call for paid internships. Here are just three of them. First,

It’s that time of the year when politicians start posting pictures of groups of people smiling eerily while holding party placards and claiming that they’ve just had a ‘great response’ on the doorstep.  For the uninitiated, this sounds as though the people opening their doors in each street are just thrilled to see said eerily smiling groups of campaigners striding up their garden paths. For those of us who spend election campaigns following politicians of all hues around on doorsteps, we know that a ‘great response’ is more likely to mean that only three people in a very long street were both in and disposed to opening their front doors. 

It would be easy to dismiss Jeremy Corbyn’s launch of the Labour party’s election campaign this week on the grounds that hardly anyone believes he has the slightest chance of becoming prime minister. But given that David Cameron was given a 0.5 per cent chance of winning a majority, and Donald Trump a 1 per cent chance of the presidency, it would be foolish not to take the main opposition party seriously. At the very least, Corbyn’s ideas need to be examined in order to understand why Labour finds itself in the position it does, and why no party leader to the left of Tony Blair has won a general election

I didn’t see a ferret, reverse or otherwise, during Labour’s campaign launch or after. I heard some quite silly, grandstanding, questions from Laura Kuenssberg. And I heard a Labour leader who sounded a bit like…..well, a decent Labour leader. None of this is to deny the patent catastrophe of Corbyn’s leadership of the party hitherto, or to suggest that I agreed with everything he said. But he spoke from the heart, passionately, with a conviction I do not hear in Theresa May’s frankly automaton repetitiveness. And much of what Corbyn had to say about tax avoiders, inequalities and hardship will play very well with his core vote north of the

Jeremy Corbyn said this morning that Brexit was ‘settled’. Now, it seems, he isn’t quite so sure. The Labour leader was quizzed repeatedly on whether the UK would definitely leave the EU behind if he becomes Prime Minister on June 9th. Seven times, Corbyn refused to answer. Instead, Corbyn insisted that he would ‘get a good deal from Europe’ – but wouldn’t say what would happen if he didn’t. Here’s what he told the BBC’s Laura Kuenssberg: LK: …My question is if you’re prime minister we will leave come hell or high water whatever is on the table at the end of the negotiations? JC: We win the election we’ll get