It is safe to say Labour’s election campaign has gotten off to a disastrous start. Both the leader and the shadow chancellor have given up all pretence of being serious leaders and have gone full demagogue mode. To make matters worse Labour’s most successful leader Tony Blair appeared to suggest support for Gina Millers tactical voting campaign, which in many cases will not mean voting for Labour.
To be clear John McDonnell, earning £70,000 a year does not make you rich. This is pure and simple the politics of envy. If you are a member of the bourgeoisie, Labour is now your enemy. This could have come straight from Joseph Stalin’s playbook, in fact I am surprised he hasn’t pledged to send the middle class straight to the Gulag.
The British people are sensible and for the most part do not believe they are entitled to other people’s money. This is one for the long list of policies which make Labour unelectable. Most people, even if they are not earning at this level, aspire to increase their wages and move up the income scale, they do not want to be punished if they do. This type of thinking is what has gotten France into the mess it is in now, with many of its most talented people opting to live and work in London.
It is also bad for the economy as a whole. Making labour more expensive, as higher taxes do, will cause; major employers to move jobs elsewhere, an increase in the number of people in unemployment, a collapse in innovation and ultimately harming the very people the policy was designed to help.
Our flexible labour market is one of the key attractions for international investors, as we leave the European Union and move towards global Britain, it is absolutely vital we get the balance here right.
Bribing the public with holidays
You could not make this one up. Corbyn’s latest bright idea to stimulate economic growth and boost productivity is to give everyone four more bank holidays. This is demagoguery in its highest form. I presume this will have to be paid for by someone. My guess is again it will be “someone else”. Like McDonnell’s proposals on tax this will have the effect of making Britain a less attractive place for businesses to set up base.
Why would international companies like Nissan or Apple set up here, when they would have a more productive workforce elsewhere. Alternatively, why would these companies not just accelerate the process of automation thus releasing them of their obligation to pay for freebies.
The fact is the existing rules on holidays are fair enough. The market offers flexible working hours and the choice for employees to go into jobs with varying levels of commitment.
Myself and my sister are prime examples. My sister works for an investment bank and works a minimum of fifty hours a week. For this she is paid handsomely. I on the other hand value a more balanced lifestyle and work in my day job as an economist for an energy company. I am not paid as much as my sister but I typically work 37 hours per week and have more free time available. It really is difficult to understand why the state would interfere with this freedom of choice by dictating a set of rules from the top.
This is Labour trying to appeal to the lowest common denominator and shows how desperate the situation is.
To add insult to injury the party’s former leader appeared on BBC Radio 4 urging voters to back candidates who oppose a “Hard Brexit”, when asked if this meant voting for the Lib Dems, he responded by saying:
“What I’m advocating may mean that. It may mean voting Labour. It may mean, by the way, that they vote Tory, for candidates who are prepared to give this commitment.”
Wow, just wow. Can you imagine any other situation where a former leader would even hint at support for candidates other than that of their own party? For this to even be happening shows how serious the problems are for Labour.
If this election turns out to be entirely about Brexit it seems to me if you voted leave or voted remain but respect the result, the natural party to vote for will be the conservatives. If you voted remain and wish to either fight the result or at least remain in the single market you should vote Lib Dem. I don’t think anyone has a clue, including by the way the party leader and the shadow cabinet, where Labour stands on Brexit.
My prediction for the upcoming election is that the polls are wrong. It will be worse for Labour then is predicted. There is a strong chance the party will not receive more than 150 seats.