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The return of Real Labour

HOW long have Labour supporters waited to hear such firm pledges on bread-and-butter issues, as John McDonnell gave at the weekend?

Many despaired during the New Labour years when party leaders hanging on the City’s every word lectured members and affiliated trade unionists to get into the real world.

The real world for Tony Blair and Gordon Brown was a big business paradise where regulation was minimal, the finance sector was free to let rip, courtesy of Margaret Thatcher’s mid-1980s City “Big Bang,” and the working class was beaten or cajoled into accepting a growing chasm between rich and poor.

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