Meeting in Congress, the opposition party considers itself carried by the first difficulties of the Conservative government of Liz Truss and claims for him the “Economic Responsibility”.
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Is this the large number of costumes-tacks, the neat organization, the Google, or Barclays stands, or the somewhat incongruous presence of the tender-right centering think tank? There is something unusual in the air at the annual conference of British Labor, which was held until Wednesday, September 28 in Liverpool (north-west of England). An undeniable wind of optimism: “The atmosphere is confidence,” said Keir Starmer, the party leader on Monday, September 26, during an improbable round table with Gary Neville, ex-player of Manchester United, converted into a businessman and recently became a member of the party.
A year ago, during its previous annual conference, the British left exhausted in public, still not awarded the hectic presidency of Jeremy Corbyn and his stinging 2019 defeat against the Conservatives. Dozens of “red” constituencies in the north of the country had then turned to “blue”. Boris Johnson had not yet dropped because of the “partygate” and the return to power of plowing, after eleven years (at the time) of conservative government, seemed improbable. It is now a completely different story: “We have the feeling of being a pending government,” dared to declare Keir Starmer.
Monetary storm
It must be said that the spectacular tax cuts or the end of the bonus caps of the bankers announced on Friday September 23 by Kwasi Kwarteng, the chancellor of Liz Truss’s chessboard, offer them a boulevard. Designed to promote the richest in the hope of reviving growth, these enormous tax gifts funded by public debt have triggered a monetary storm. On Monday, the pound sterling reached a historic plus against the dollar, reporting a loss of market confidence in the economy of the United Kingdom. So much so that the Bank of England had to communicate in an emergency, saying that they are ready to continue to raise its guiding rates, to limit the tumble of the book.
“If the guiding rates increase up to 5 %, the British with a variable rate loan or those who intend to buy go to very difficult times. And a real estate crisis is to be feared,” Warned since Liverpool Torsten Bell, from the Resolution Foundation reflection group. With polls regularly giving them an advance of about 10 points on the conservatives (and even 17, according to a Yougov survey for Times, published on Tuesday), Labor dreams alive from a Tony Blair victory, as in 1997 or in 2001.
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