1976 and all that: the IMF incident

Lobster Issue 89 (2024) FREE

[PDF file]: […] memories of the previous year’s Treasury and Bank of England-led attempt to coerce the Labour government into a statutory incomes policy, Bernard Donoughue, of the Downing Street Conservative PM Edward Heath had created a credit boom in his ‘dash for growth’ and this greatly aggravated the inflation which all industrialised economies suffered when the […]

Newsinger Armed and Dangerous 88

Lobster Issue

[…] of racial violence and vandalism. There would be much more horror to come’. And ‘at least two prominent white supremacist organizations – Stormfront and the Council of Conservative Citizens – saw their websites crash due to the flood of online traffic that came their way following Obama’s victory’. Incredibly, Johnson has had the faces […]

finklestein 1976

Lobster Issue

[…] memories of the previous year’s Treasury and Bank of England-led attempt to coerce the Labour government into a statutory incomes policy, Bernard Donoughue, of the Downing Street Conservative PM Edward Heath had created a credit boom in his ‘dash for growth’ and this greatly aggravated the inflation which all industrialised economies suffered when the […]

More Hess

Lobster Issue 86 (2023) FREE

[PDF file]: […] interest. His interlocutor at this point, Lt Murrough Loftus, had been commissioned in the Scots Guards on 21 December 1940 and was the son of Pierse Loftus, Conservative MP for Lowestoft. It seems to be assumed in various accounts, including Padfield,7 that Lt. Loftus was sent to guard Hess to obtain from him details […]

The economic crisis continues

Lobster Issue 61 (Summer 2011) FREE

[PDF file]: […] Lobster 61 the last economy-wide recession in 1994.’ 1 9 But nothing has actually been done. This is not surprising. How do the British state and the Conservative Party now decide to build an industrial strategy? Does the British state have people in its upper echelons who believe in the economically active state (except […]

The Rise of New Labour: Into Office

Lobster Issue 68 (Winter 2014) FREE

[PDF file]: […] excessively high exchange rate.’ – Wynne Godley, The Observer (Business) 23 August 1998. By the time Labour took office Brown and Blair had promised to toe the conservative line on economic policy: no income tax rises, no increased public spending, no attempts to use government to direct the economy; and no reacquisition of the […]

When the Lights Went Out by Andy Beckett and Strange Days Indeed by Francis Wheen

Lobster Issue 58 (Winter 2009/2010) FREE

[PDF file]: […] twenties’, ‘swinging sixties’ – irritates serious historians; but in the case of the 1970s it does make a a kind of sense, the decade being bookended by Conservative Party election victories in 1970 and 1979, heralding a return to the market: the half-hearted version under Heath, ‘Selsdon man’, and then the real thing with […]

Is there a ‘political class’?

Lobster Issue 61 (Summer 2011) FREE

[PDF file]: Is there a ‘political class’? Scott Newton It has become fashionable to argue that Britain is in the grip of its own ‘political class’. Most recently the idea has been promulgated by Peter Oborne, in his 2007 book, The Triumph of the Political Class. I have been sceptical about this, remembering the dominance of Oxbridge-educated […]

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