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Tuesday, 2 August 2016

I advised Corbyn’s economics team to learn fast. They didn’t | David Blanchflower | Opinion | The Guardian

I advised Corbyn’s economics team to learn fast. They didn’t | David Blanchflower | Opinion | The Guardian:

"The UK is in a major economic crisis, caused by the shock Brexit vote, that is being exacerbated by a political crisis. We have a newly appointed chancellor of the exchequer, and an opposition that has nothing to say on economic policy. What exactly would John McDonnell do if he was chancellor? He hasn’t told us. Sad to say, as one of his former economic advisers – I was on Labour’s economic advisory committee – I have no idea either. Labour does not seem to have a credible economic plan.

It pains me to say that a Labour party led by Jeremy Corbyn has no chance of winning a general election now, in 2020, or at any other time. Tory voters and independents like the members of my family are not going to suddenly say “Jeremy is our guy”.

Corbyn doesn’t seem to care about being a leader of an opposition party. He seems more interested in addressing crowds of supporters around the country. It doesn’t seem to matter to him – although it should – that three-quarters of his MPs, who doubt his leadership qualities, rightly passed an overwhelming vote of no confidence against him. He should have quit. He doesn’t have enough MPs who support him to be able to form a complete shadow cabinet. Incidentally, if there were even the slightest prospect that he could become prime minister, the bond and equity markets would eat him for lunch."



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