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That cannot be said of the labor leaders in the UK over the last 10 years. Yes, austerity hurts but if you spend money you don't have, somebody's s going to pay - guess who? Labour never seems to learn that. I don’t think Miliband lost the election because he was too anti-austerity, if anything voters were sort of left wondering what the point of voting for him was. The party should have made the case against austerity earlier and sharper, fought against the idea that the country’s finances work like a household where you have to cut back expenditure to increase your savings. Miliband and Ed Balls have the most monstrously impressive economic CV’s.

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