A surprisingly interesting election battle
The run-up to the local and European elections have seen Labour come off the rails. Emily Hohler reports.
The European elections are "not meant to be exciting and unpredictable", says Iain Martin in The Daily Telegraph, but "this time it is different".
The result of this week's European, and local, elections counts because of their potential impact on the general election in 2015. Labour, which should at this stage be "well-advanced in establishing itself as a credible government in-waiting, is in trouble".
If it falls into third place behind Ukip and the Tories, it "could even be fatal" to Ed Miliband's leadership.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The "vanishing poll lead, campaign gaffes and the leader's retro message" are worrying the party, says Rachel Sylvester in The Times. The Tories have overtaken Labour in two opinion polls for the first time since the omnishambles' Budget of 2012.
Labour's poster campaign about VAT, which mistakenly included VAT-exempt food items, has raised questions about the competence of the campaign team, while the controversial party election broadcast has renewed concerns that Miliband is "willing to descend to class warfare".Miliband's tribulations do not end there.
He followed up with a "blundering TV interview" in which he was accused of being out of touch' (the very charge levelled at the Tories) for his apparent ignorance over the cost of his weekly shop, and was forced to admit he did not know the local Labour leader in Swindon, "even though he was supposed to be campaigning for him", says Tom McTague in the Daily Mail.
The Mirror's claims that 60 Labour MPs were employing staff on zero hours' contracts are "deeply embarrassing", says Richard Littlejohn in the Mail, and came days before Miliband's announcement that a Labour government would set a statutory minimum wage target linked to average earnings.
The reason Miliband is struggling is because he "almost never does anything that you would not expect a leftwing politician to do", says Janan Ganesh in the FT. He recently "touted" his intellectual self-confidence, but if he were truly self-confident, he would "roam outside his ideological comfort zone and try out new ideas".
What he really means is "ideological commitment", which is "very different and much less impressive". Last autumn, Miliband excited voters with a promise to freeze utility bills. "Itwas a victory from which he has never recovered."
He has since announced "one statist idea after another, each of which has less political purchase than the last": rent controls, interventionist noises on rail fares, a protectionist line on foreign takeovers, plans for a new kind of minimum wage. "This is a party innovating new ways of surprising nobody."
Labour MP Simon Danczuk, writing in The Mail on Sunday, warned that Miliband's strategy of relying on a "core vote and a few disgruntled voters" was "suicidal".
Yet, in spite of this barrage of criticism, Miliband "ploughs serenely on", says Matthew Norman in The Independent. Is this resilience a sign of "strength, paralysis or delusion"?
The question David Axelrod, the "Obama savant" drafted in as Miliband's "two-minutes-per-day life coach" should be asking him, is: "Do you want to win this election or not?"
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
-
A junior ISA could turn your child’s pocket money into thousands of pounds
Persuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
By Katie Williams Published
-
Cost of Christmas dinner jumps 6.5% as grocery price inflation rises again
The average Christmas dinner for four now costs £32.57 as grocery price inflation increases - but what does it mean for interest rates?
By Chris Newlands Published