by Samuel Dale
A debate is about to begin in the Labour party about how we recover from Thursday’s crushing election defeat.
The Miliband experiment has failed. Do we move to the left to retake Scotland? Or do we move back to the centre to win back Tory voters in England and Wales? Or maybe a bit of both?
Let me state my case that Labour needs to move decisively back to the centre if it has any chance of winning a majority again.
On Thursday, centrist voters drastically turned away from Ed Miliband for three reasons.
Firstly, he was perceived as owning a radically anti-business agenda accompanied with blunt price fixing tools.
“Give me Brexit, give me Scoxit, just don’t give me fucking Ed Balls,” said one concerned senior hedge fund executive to me in the run-up to polling day. Another senior figure said Labour treats the City like “terrorists”. These are typical views from business but they shouldn’t be and it’s damaging. Miliband was at war with business.
Just look at the post-election surge in Sterling and rocketing company shares at property firms, energy companies and others to see the real business fears of a Labour government.
Secondly, this coupled with public fears about economic competence. Miliband was viewed as a profligate custodian of public cash that he could never quite tackle head on.
Thirdly, leadership. This is nebulous but Miliband trailed Cameron by double digits in polls long before the SNP came along. He was seen as weak.
The Tories used the threat of an SNP deal to amplify all these fears but they did not create the weaknesses. If the public believed Miliband had the requisite leadership skills and economic competence then the fear of an SNP deal would not have had the same impact. The Tories’ SNP attacks were the symptom not the cause of problems.
So there were business fears; tax and spend concerns and leadership problems.Here’s what happened next.








