Against those who argue that New Labour’s response to the financial crisis of October 2008 has sifted the party leftwards.
Brown et al have moved to part nationalise financial capital in Britain, not because they are moving leftwards, but because they need to stave off a meltdown of British capitalism.
It is wrong to define left politics simply in terms of borrowing and spending. A polity moves leftwards when three things happen: first, a significant lessening of social and economic inequality; second, a strengthening democracy and working class power, and third, the power of capital and traditional elites are reduced.
None of these things are happening in Britain.