Under Sir Keir Starmer Labour, once again, is infatuated with the Democrats
this month, David Lammy, the shadow foreign secretary, and John Healey, his colleague covering defence, paused for a photo by a bronze memorial to President Franklin Roosevelt. It was a nod to another photo taken at the same spot of Tony Blair, then the new prime minister, Bill Clinton, then the president, and their wives. That was in 1998, a time of “third way” politics, when the leaders of the Labour and the Democratic parties hoped to fuse a belief in free markets with social progress.
Labour staff have taken lessons from the Biden campaign in how it used data, framed economic policy in terms of job creation, and avoided culture-war fights. “The design of the machine came from the principles we were learning from people like the Democrats,” says a party official. “It gives us a template, because like us they had drifted off to being just a primarily university-educated electoral coalition.
The centrepiece of this is a plan to decarbonise Britain’s electricity supply by 2030, inspired by the Inflation Reduction Act, a programme of direct subsidies and tax credits that is likely to surpass $1trn. Labour’s version as a share ofwould be multiple times larger, eventually reaching £28bn a year. It would feature national stakes in new industries, handouts to firms that create jobs in poor towns, and regulatory reform.
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