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Coping with TINA: the Labour Party and the new crisis of Capitalism

Marliere, P; (2014) Coping with TINA: the Labour Party and the new crisis of Capitalism. In: Bailey, D and De Waele, J-M and Escalona, F, (eds.) European Social Democracy During the Global Economic Crisis. Manchester University Press: Manchester, UK. Green open access

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Abstract

Relying heavily on its financial services, the British economy has been one of the hardest hit in Europe by the collapse of the banking industry. The credit crunch, aggravated by the bursting of a decade-old house price bubble, has taken a severe toll on the economy. For many commentators, the banking crisis of 2008 marked the end of New Labour economics. The Keynesian style reaction to the crisis by the Brown government and, subsequently, the election of a new leader eager to turn the page on the New Labour era seem to have opened up the possibility for a renewal of ideas and policy in the Labour ranks. Now in opposition, the Labour party has a chance to reflect on the meaning of the crisis. The current situation also offers an opportunity to seek an explanation for the financial meltdown and assess New Labour’s responsibility in the debacle.

Type: Book chapter
Title: Coping with TINA: the Labour Party and the new crisis of Capitalism
ISBN-13: 978-0719091957
Open access status: An open access version is available from UCL Discovery
Publisher version: https://manchesteruniversitypress.co.uk/9780719091...
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Arts and Humanities
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Arts and Humanities > SELCS
URI: https://discovery.ucl.ac.uk/id/eprint/10053892
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