“Labour misunderstood the nature of its mandate,” Mr McKibbin told me. Programmatically, the party offered some radicalism (devolution, a minimum wage, expenditure on health and education). Its responses, however, were reflexively illiberal and bureaucratic. This month, it was revealed that the UK’s Gini co-efficient, measuring inequality between rich and poor, had reached its highest level on record – after the longest period of Labour government ever. You do not have to be a Labour voter to wonder what, then, has been the point of it all.FT.com / Comment / Opinion - A Faustian pact that backfired spectacularly
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