This government has been the most rightwing since the second world war– Monbiot.
He knocks out some nice riffs on the utter bankruptcy of the NuLabour regime and coincidentally he was dreaming of Gini too-
Labour has shifted taxation from the rich to the poor, cutting corporation tax from 33% to 28% and capital gains tax from 40% to 18%, and introducing a new entrepreneurs’ relief scheme, taxing the first million of capital gains at just 10%. It tried to raise the income tax paid by the poorest earners from 10% to 20%. Labour has lifted the inheritance tax threshold from £300,000 to £700,000, and maintained the cap on the highest rates of council tax. While vigorously prosecuting benefits cheats, it has allowed tax avoidance, mostly by the very rich, to reach an estimated £41bn. Inequality today is slightly worse than it was when Labour took power in 1997 (the Gini coefficient which measures it has risen from 0.33 to 0.35).
Above all, the Labour government has destroyed hope. It has put into practice Thatcher’s dictum that “there is no alternative” to a market fundamentalism that subordinates human welfare to the demands of business. Labour has created a political monoculture that kills voters’ enthusiasm, and has delayed electoral reforms that would have given smaller parties an opportunity to be heard. All we are left with is fear: the fear that this awful government might be replaced by something slightly worse. Fear has destroyed the Labour party, but people keep supporting it in trepidation of letting the other side win.
Ps. But he is a meaty bugger.