Latest Issue

Corbyn can claim victory on tax credits but he still has much to learn

The new leadership must be wary of making un-funded spending pledges

By Karim Palant  

Labour leader Jeremy Corbyn and shadow chancellor John McDonnell © PA/PA Wire/Press Association Images

A win is a win. The tax credits row is a clear victory for the Labour opposition. Victory has a thousand fathers, and defeat is an orphan. The clamour to claim credit for winning this fight will be deafening.

But the new Labour leadership deserves credit for pushing this issue. Robust internal pressure to take this issue on was important but…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect