The Labour Party since 1979: Crisis and Transformation challenges the claim that Labour »s only real hope for the future lies in shedding its ideological baggage. It rejects the notion taht the »shadow budget » was the prime cause of its 1992 defeat and argues that the strategyof seeking an image of »responsibility » and »respectability » – which under the new leadership has become a paramount concern – does not offer the best route forward for the party.
The effect of this strategy – of abandoning traditional tenets, and adopting a policy profile more to the tastes of its critics in business and the media – will be to deprive Labour of its sheet-anchor; and even if successful electorally, the price will be that the hopes and aspirations of its supporters will be highly unlikely to be fulfilled.
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