29 October 2012


It fits with the unpopularity of all things European among British voters, but the enthusiasm of Ed Balls and Douglas Alexander for cutting the EU budget is a mistake. Europe does need to cut  its subsidies for agriculture, but more importantly it needs a massive increase in it structural funds to develop the infrastructure of its poorest areas (some of which are in Britain). Europe-wide super-big-state top-down Keynesian infrastructure spending could work wonders in bringing the continent out of recession, and that's what Labour should be saying. I really get the sense that they've spent so much time looking at what focus groups are saying that they've completely lost the policy plot.

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