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But then none of their manifesto could happen - they'd have to tell the electorate that they would preside over a Labour version of austerity. Not a chance that that message (as honest as it would be) would win any votes.
The intellectual battle for the end of austerity has been won. In a hypothetical Labour-leave election (and assuming equal levels of trust) Cons & Lab spending ability are on a level playing field. That's not a problem.
But then none of their manifesto could happen - they'd have to tell the electorate that they would preside over a Labour version of austerity. Not a chance that that message (as honest as it would be) would win any votes.