Boris Johnson ousted, market turmoil caused by Trussonomics, Sir Keir Starmer finds himself spurred from Labor leader who has no chance of being the man to win a general election next appointment.
Contemporaries often refer to him as the Kinnock character, not Blair. He was destined to be the leader of the opposition, who – facing Johnson’s 80-seat majority – could reinstate the Labor Party but could never win the crown.
Mr. Keir truly believe that he will be the next prime minister of the country.
For a politician who likes to analyze this question, there is no doubt.
When I finished the interview asked him if he was our next PM, he didn’t stop: “Yes.”
‘Hope turned into faith’
He said: “I never thought it would be impossible to bring the Labor Party from where it landed in 2019 back into government in 2019.
“A lot of people when I became leader of the Labor Party said: ‘Good luck, Keir.’ Then, behind their breath, they say: ‘But you’re never going to do that in a 5 year period.’
“Here we are, two and a half years in my leadership, and the hope of a Labor government has turned into the belief of a Labor government.
“We’ve done a lot of things. We’ve made changes in the Labor Party that took years before we were in a situation like this, changed the Labor Party.
“What I did yesterday, and what I’m going to do here, is show the changes we can make for the country.”
Now, a government is serious about waiting, and an incoming prime minister who claims he is the party of powerful money.
Starmer sets his financial rules
I asked him how his decision to keep the £20bn Conservative tax cuts (cutting income tax to 19p and reversing the increase in national insurance) fit that.
He laid out his fiscal rules – the prime minister would do so on 23 November if the market could wait that long – telling me Labor would not borrow for day-to-day spending and would Borrow only for investment.
“We want debt to come down as a share of our GDP so the rules we will follow,” Mr. Keir said.
“Obviously I don’t know the state of the economy when we inherit.”
And that’s now the big unknown – what could the economy look like for the next government – be it Labor or the Tories?
What Sir Keir is promising, for now, is that any spending commitments Labor makes will come at a cost.
“I told my shadow cabinet, if we were to give a notice like lost money, that I needed to see the funding and we made that very, very difficult. I would continue to do it. that.”
But he’s also signaled he’s ready to make tough choices if he’s elected.
How will labor shift the tax burden?
That will be an incoming government that may face the need for a pretty steep tax increase or tax cut.
When I asked him what his options were, he told me straight up that his Labor government would shift the burden away from people who are working and towards those with assets.
“In regards to people who earn income from stocks, shares and dividends, yes, we are looking at what is a fair tax approach in relation to that approach,” said the Labor leader. said more.
“You know, I think there’s a lot of thinking that if you earn income through wages, you pay a certain percentage. But if you earn through stocks, shares and dividends, you paid a different rate.
“That’s something we need to consider.”
After a broad shift from income tax to wealth tax, Sir Keir made it clear that he is not a prime minister who wants to tax the working people if he can get the rich to pay a lot. more money.
The question is whether we will see much greater change in British politics. As Sir Keir said, hope this week turned to faith.
And the turmoil in the markets since the Truss government announced its (zero) budget, raising questions about whether that belief will be tested soon.
For now, however, an election has ended two years. He has everything to play – and the Tories have everything to lose.