Chuka Umunna is a known adherent of “Blue Labour” This has been a political tendency in the British Labour Party, otherwise called New labour.
Blue Labour advocates the belief that working class voters will be won back to Labour through socially conservative ideas on certain social and international issues.
Issues such as immigration, crime and the European Union, a rejection of socialist economics, in favour of ideas from guild socialism and continental corporatism, and a switch to local and democratic community management and provision of services, rather than relying on a traditional welfare state that is seen as excessively bureaucratic.
Neoliberalism advocates extensive economic liberalisation policies such as:
Privatisation of State industries,
Free trade, and
Reductions in Government spending in order to enhance the role of the private sector in the economy.
Neoliberalism is famously associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.
The transition of consensus towards neoliberal policies, and the acceptance of neoliberal economic theories in the 1970s is seen by some academics as the root of financialisation culminating in the Financial crisis of 2007–08.
Peter do you still see Umunna as a possible leadership contender?
chukka's a cool cat but western liberal democracy is becoming increasingly nepotistic.
unfortunately i fear he would do much better in london than the homogenous outlying communities up north.
don't forget that david miliband is an extremely good friend of hillary clinton. there is an ongoing joke in america that if a clinton married a bush no one would have to vote. that is part of the huge money corporate capture they suffer over there but it is creeping increasingly into our politics.
i put a few bob on on david miliband at 20/1 those are pretty good odds! see www.davidmiliband.com