The shallow pendulum swings back for British Labour

Newton Emerson: Corbyn's rise means the UK may have to relearn some harsh lessons

Britain’s  opposition Labour party leader Jeremy Corbyn acknowledges  applause  after a speech on the final day of the Labour  conference in Brighton, September 27th, 2017. Photograph: Ben Stansall/AFP/Getty Images

Britain’s opposition Labour party leader Jeremy Corbyn acknowledges applause after a speech on the final day of the Labour conference in Brighton, September 27th, 2017. Photograph: Ben Stansall/AFP/Getty Images

The problem with Labour’s plan for the UK economy, unveiled by shadow chancellor John McDonnell at his party’s conference this week, is that I instinctively sympathise with it.

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