Theresa May wants Labour’s support for her ailing premiership. It’s an interesting idea: a quasi-grand coalition. I can’t think of any reason why Labour should agree, but if they were to make an offer what would the red lines be? I stress, I have no influence on the issue at all, and what follows is not meant to imply I have (in an attempt to avoid the torrent of abuse that might otherwise follow) but it’s an interesting issue to muse upon. So, for the record, if I was around the Labour corridors of power I would be inclined to make an offer, but to make it a manifesto style demand. These might be my red lines:
1. To keep all the benefits of single market and customs union membership: to stay in both, in other words. Put a Norwegian style deal on the table in other words;
Norway is in the single market and not in the customs union. Sigh.
This is also fun:
16. Guarantee no unwinding of QE and no interest rate rises.
For years now he’s been telling us it won’t be unwound. Now he needs a guarantee that it won’t?