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Everything you wrote in that first paragraph is part of what's wrong with the Labour party.
It's not necessarily racist to have concerns about immigration, many successful people want to pay something back (not just pay their workers fairly) and what's wrong with aspiring to go to Ascot? It's not my bag and I think horse racing is cruel but if it floats her boat.
To get elected again the party needs to deal with concerns, embrace aspirations and frankly stop being so snooty about people who don't conform to their particular expectations.
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It's not necessarily racist to have concerns about immigration.
Engaging on immigration will never work for Labour as UKIP and the Tories will only push it harder. Chasing the right will only drag the party further right.
Labour would be much better of fighting the lie that immigration is a problem and pushing the anti-austerity message instead.
what of the racist pensioner? The CEO can pay more tax and pay his employees more instead of his ego massaging charity donations. The waitress going to ascot is a nonsense stereotype and will be voting Tory anyway.
Angela Eagle's soapbox is hollow.