Urge to soothe markets may blunt Labour's edge on Tories
Briefly

Dread of the financial markets is part of the Labour party's DNA.This primal fear has been passed down the generations.Ramsay MacDonald, Clement Attlee, Harold Wilson and James Callaghan were all battle-scarred from their vain attempts to defend the pound.Even though the signs point to a big Labour victory at the next election, the mood at the top of the party remains cautious.
Read at www.theguardian.com
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