
Peston’s latest is an out and out party political ‘broadcast’ for Labour, even going so far as to try and compare Miliband to Thatcher…somebody at the BBC really should start reading Peston’s stuff before they let it go to press.
Yes…Miliband and Thatcher…soul mates….

Peston shows himself to be more the wide-eyed stagedoor johnny than a hard-nosed journalist with a handle on reality. Here he tells us that the wealthy are being shut out of the tent…it’s a new world, a new politics…all thanks to Miliband…
….the last nail in the coffin of a political approach – not quite an ideology – which had at its core the idea that it was better to get the wealthy and powerful in the tent, rather than doing what they typically do if they are outside the tent.
Really? Never happen. The wealthy and big business will always have huge influence in politics….even Lenin admitted that capitalism was absolutely necessary for Communism…only once Communism was well established would capitalism be rethought…but of course that was never going to happen just as Peston’s ‘Milibandism’ is never going to happen.
This next part illustrates how Peston is not interested in critiquing Miliband’s policy but in praising him personally…
I spoke to a New Labour veteran. This is what he said to me about the non-dom cull: it would “alienate some people whose goodwill is a good investment for us, send the wrong signal about the UK and [is] a rather useless piece of posturing (as the last Labour government concluded for 13 years)”.
Symbolic break
In other words, it is a powerful and important symbolic break with the Blair era.
When a Labour ‘veteran’ criticises the policy Peston ignores the criticism as to whether it is a workable policy or not and instead glorifies Miliband using trigger words ‘powerful’, ‘important’ and ‘symbolic’…all chosen to make Miliband and his policy look like something of substance rather than the squalid ‘posturing’ that we now know it really is that will not in fact end non-dom status, and, rather than raising money we know Labour actually thinks it will lose the UK money.
Nice bit of dramatising from Peston..
[For] Miliband, that calculation has had to be re-done, as living standards were savagely squeezed in the years after that profound economic shock, and the welfare state has been rolled back.
So living standards were ‘savagely’ squeezed? Was the welfare state really ‘rolled back’ or just trimmed to make it more cost effective and to encourage people into work…as it did? Peston is peddling the Labour narrative as if it is the only interpretation, or indeed the truth, never mind the interpretation.
He goes on…
Miliband would also say that the stagnating gap between the incomes of rich and poor and the widening wealth gap have shown that collaborating with the wealthy has not delivered adequate fruits to the poorest.
Like that word ‘collaborating’…another dog whistle. And how true is that when most people’s lives have improved enormously…the fact that some get mega rich due to globalisation resulting in an increasing ‘gap’ between the man in the street’s pay and that mega rich person’s income doesn’t mean the man in the street is getting poorer.
Then Peston really goes to town…Red Ed’s not red at all, he’s doing his best to make the world a wonderful place for the poor and deprived….
Now the conventional view from the centre of politics of what he’s doing is that he is a throwback to Labour’s left-wing past, a Michael Foot in a sharp tailored suit.
But that doesn’t feel right to me. He isn’t resorting to the traditional left-wing solutions of nationalisation, significantly increased state spending, incestuous deals with trade unions or penal increases in tax rates.
What he is attempting to do – perhaps naively, perhaps clumsily – is encourage competition, give more power to consumers, nudge up the minimum wage and take on vested interests.
‘Naive’ and ‘clumsy’…again words meant to engender some sympathy for Miliband, an innocent doing his best while the nasty world rails at him. And not nationalising stuff? How about the railways…or price freezes on private companies? No incestuous deals with the unions? He’s Labour leader only because of such a ‘deal’…and as for taxes.…to cut the deficit Labour has said 50% will come from tax rises. Peston is blowing smoke up our derrieres.
He then reinforces this image with the claim that the ‘Establishment’ is out to get Miliband, he’s an outsider like Thatcher battling the vested interests….curious that the ‘hated’ Thatcher is always the one they turn to when they want a bit of credibility to rub off onto them….Thatcher would have scorned Miliband, his policies and his shallow political posturing.

Peston finishes off with this…
So what is striking, as the election looms, is the sheer scale of Miliband’s repositioning of Labour, both in respect of fundamental policy and the communication of policy.
Miliband hasn’t repositioned Labour he’s just ‘posturing’ and headline grabbing, he isn’t ending non-dom status merely tweaking it, he isn’t an outsider…he read PPE like all the rest of them at Oxford and he was safely ensconced well within the Establishment for all of Labour’s term in office…and apparently was spending much of the time wrapped in the arms of the BBC’s Stephanie Flanders…whilst in office….as Guido reveals…
“I first met Ed when I went to a friend’s house for dinner,” Justine Miliband tells the Mirror today:
“I was interested in him, I thought he was good looking and clever and seemed to be unattached. But we just went down a conversational cul-de-sac. Apparently we had nothing in common. He wanted to talk about economics – one of my least favourite subjects. None of our conversations went anywhere. Then I found out he was secretly going out with the woman who had invited us for dinner. I was furious.”
But who was Ed’s secret lover at the time? According to John Rentoul it was Stephanie Flanders…
Flanders has admitted to dating both Ed Balls and Ed Miliband, though friends had always claimed it was in the nineties. Curious…
“Could the secrecy have been because he was a Treasury special adviser Stephanie Flanders was BBC economics journalist”, muses Rentoul on Twitter today. Questions to which the answer is oooooh.