Quantitative Easing

Yvette Cooper, Quantitative Easing and the spirit of Keynes.

Sue Konzelmann and Frank Wilkinson


16 August 2015

Tony Blair’s assertion that the Labour Party faces “annihilation” if Jeremy Corbyn is elected leader, is little short of astonishing. Just three months ago in Scotland, Labour actually was annihilated – by the rise of the SNP, a left-of-centre party, opposed to austerity and strongly supported by young people. Currently, the Scottish Labour Party is being rejuvenated by the prospects of Corbyn as leader. It is clearly fanciful to suppose that Labour faces crushing defeat simply because opposing austerity will make it look too left wing.

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