07/11/2024 17:47
The Guardian
Deputy prime minister says she spoke with vice president-elect about ‘plans for the future and working together’Yesterday Ed Balls, the former Labour shadow chancellor, said Donald Trump’s victory in the US showed that, if Labour did not improve living standards by the end of this parliament, it too would be voted out. During his interviews this morning Pat McFadden did not quite go that far, but he said the American election showed why Labour was focusing on the cost of living. (See 10.47am.)In an article for LabourList, Liam Byrne, the former Labour Treasury minister who now chairs the Commons business committee, makes a similar version of the same argument; he says Trump’s victory shows that Labour could lose the next election if it does not reduce wealth inequality.It will be a few days until we have time to inspect the details of Vice President Harris’ defeat. But there was one clear story about the last time President Trump sailed to victory. The places that were left behind by American growth, the places at the sharp end of growing inequality, were far more likely to vote for Trump.But guess what?CONCLUSION: The warning is clear. Labour has to fix address the inequality tearing at our social fabric. If we fail, populism will only grow stronger. We need not just economic investment, but a path for real prosperity for the families and regions left behind Continue reading...
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