By Brian Brivati
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Extra resources for New Labour in Power
In this sense the Attlee years created as many problems as they solved. Whether in opposition or in power, the Party was persistently confronted by the need to find a programmatic ‘formula’ that would successfully combine economic growth with greater social equality. This the Attlee Governments in many ways had done, if only by default. Bolstered initially by a loan from Washington and later by Marshall Aid, Labour, elected in July 1945 with an overall majority of 146 seats, was able to establish a new welfare system without having to rely purely on export-led growth to pay for it.
W. S. 43–60. 11–13 10 A. 35 11 S. Pollard, The Wasting of the British Economy, Croom Helm, 1984. 12 D. Corry and J. Michie, ‘EMU: the Left Debate’, Political Economy Research Centre, University of Sheffield, Policy Paper No. 4, 1997. 13 A. 17–18. 14 J. Tomlinson, ‘Inventing Decline: the Falling Behind of the British Economy in the Post-war Years’, Economic History Review, Vol. XLIX, No. 731–57. 15 D. Edgerton, Science, technology and the British industrial decline, Cambridge University Press, 1996.
They can hardly do anything in two years anyhow. Nor is it certain that Labour has ‘got its betrayal in first’ on this occasion. The expectations of the movement are enormous, and although people might be prepared to wait two years, after that who knows? That is going to be the test of this Government: whether at that stage they are going to be able to control the pressures that will exist and to handle the expectations that, perhaps through no fault of their own, they have created. One thing is certain, and that is that, on past experience, no-one should rely on Labour being helped by economic advisors.
New Labour in Power by Brian Brivati