How Labour Became a Party of the

Super-Rich

With the recent Government departures of Peter Mandelson and Morgan McSweeney over the Jeffrey Epstein affair, James Bloodworth considers how the Labour Party ended up at its current juncture

The Telegraph journalist Charles Moore once remarked that whereas Margaret Thatcher believed in privatisation, Tony Blair just liked rich people.

Unfair or otherwise, the New Labour project will be viewed by posterity as an attempt to make peace with the messianic capitalism of the 1990s. 

Spin doctor Peter Mandelson told the media that the Labour Party was “intensely relaxed” about people getting filthy rich. Blair himself boasted that Britain had “the most lightly regulated labour market of any leading economy in the world”. His Chancellor, Gordon Brown, claimed to have abolished ‘boom and bust’.