This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Politics

Labour peer Lord Glasman turns on Miliband and Balls

  • Print
  • Comment

Ed Miliband’s leadership and Ed Balls’ economic record have been attacked by Lord Glasman, the architect of Blue Labour and a past close adviser to the Labour leader.

While he still backs Miliband as leader, Maurice Glasman says he seems to have “no strategy, no narrative and little energy”, accusing him of “flickering rather than shining”. He describes parts of Shadow Chancellor Ed Balls’ economic record as “crap” adding the party is not winning economic arguments.

Writing in this week’s New Statesman, Glasman says Miliband must push for higher wages, stronger corporate governance, a vocational economy, regional banks and fiscal discipline.

He says: “We have not won and show no signs of winning the economic argument. We have not articulated a constructive alternative capable of recognising our weaknesses in government and taking the argument to the coalition. The world is on the turn, yet we do not seem equal to it.”

“Ed is going to have to show some leadership and courage if the political dynamics of this year are going to be different.”

Glasman bemoans the “old faces” from the Brown era which dominate the Shadow cabinet, reserving his harshest criticism for the approach to the economy taken by Brown and his protégé Balls.

He says: “Endogenous growth, flexible labour-market reform, free movement of labour, the dominance of the City of London - it was all crap, and we need to say so. Stanley Baldwin had a far more robust industrial growth strategy than Brown and Mandelson could conceive of, let alone Cable and Osborne.”

Ed Miliband told last year’s Labour Party conference that a distinction should be made between productive and predatory capitalism, a theme Glasman says he should stick with.

He says: “Financial capital, outside of all relationships and calling the shots is by nature promiscuous and exploitative. We need to call time on its nasty ways,”

Conservative Party co-chair Sayeeda Warsi says: “It is apparent from Lord Glasman’s critique that Ed Miliband is simply not up to the job.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments