THECORBYLOON
//"real Labour winning their first election since 1974."
Do you copy and paste that and variants of it?//
He prefers to live in the past almost half a century ago than deal with the present.
Conveniently skips these events though whilst doing so:
October 1974: At the second general election of that year, Labour consolidated its victory over Ted Heath's Conservative
government. Heath's chancellor,
Sir Anthony Barber, quit politics after his disastrous "dash for growth"
26 October 1989: Nigel Lawson, at the time the longest-serving
Chancellor, resigned from
Margaret Thatcher's government
over economic policy differences,
precipitating the year-long Tory turmoil that resulted in her
resignation as prime minister.
October 1990: John Major, the Conservative prime minister, took
the pound into the European Exchange Rate (ERM) mechanism, having failed to announce the decision at the Conservative Party conference days before.
16 September 1992: Black
Wednesday. The pound crashed out of the ERM after the failure of the Major government's panic measures, which briefly lifted interest rates as high as 15%.
Although it had only been re-elected that summer and although the new chancellor,
Kenneth Clarke, adopted a new economic strategy, the government's fortunes never
recovered. Labour and Tony Blair won the election in May 1997 by a
landslide.
October 2016: The pound
dropped 28% after the vote to leave the EU, hitting a then-
record low of US$1.14.
September 2022: Markets lose confidence in UK economic management after an uncosted
"fiscal event" announcement by
the new chancellor, Kwasi
Kwarteng, on 23 September. The pound dips to a new record low
of $1.03.