Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 29 June 2016 7:10 pm  |  Updated:  Monday 02 August 2021 1:40 pm

As Jeremy Corbyn clings onto the Labour leadership, is a split within the party now inevitable?

By: City PM Contributor

Add as a preferred source on Google

Tim Worstall, senior fellow of the Adam Smith Institute, says Yes.

Labour has been splitting for all my adult life. A difference has always existed between those who understand that there is a spectrum of possible economic and political models, which must exclude a non-market system, and those who do not. This is what the Blairites and the SDP got right, and what Militant, Momentum – whatever the Teenage Trots have called themselves at any particular time – have not. We can have a high tax, high benefit, free market social democracy like the Nordics. Or a low tax, low benefit, Hong Kong-style free market. As Venezuela demonstrates, a system which attempts to be non-market does not work. My personal preference is for the low tax option. That the economically literate who want the Nordic solution should split away from those who would have the country run out of toilet paper within two weeks of taking power is not just inevitable. It is also highly desirable. Far from “splitter” and “splittist” being terms of denigration, we should be awarding medals to those who use them.

Chris Rumfitt, founder and chief executive of Field Consulting, says No.

Labour is staring down the barrel of the gun. Despite 50 shadow ministerial resignations and a resounding vote of no confidence from 170 of his MPs, Jeremy Corbyn is refusing to budge. The vast majority of Labour MPs are simply no longer prepared to work under his leadership. As they seek to make his position untenable, their next step is to launch a leadership challenge. The ball will then be with Labour members. The question is whether the events of the last week have shaken their support for a man they elected so decisively last year. If Corbyn decides to hang on through all of this, then Labour will split. But it doesn’t have to be so. The membership could come to its senses and defeat him. Or Corbyn himself could make all this go away by stepping down from a role to which he is manifestly unsuited. If he loves the party, he will go of his own accord. A split isn’t yet inevitable, but the party is in the last chance saloon.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News
  • Opinion

Categories

  • Business
  • Opinion
  • Politics

Trending Articles

  • Why World Cup players could pay tax in five different countries

  • London becomes activist capital of Europe as investors pressure firms over AI plans

  • ‘It’s gone’: How a social housing scheme left amateur investors £40m out of pocket

  • ‘Chaos’ – Aviation industry slams EU border checks as millions face summer holiday misery

  • Starmer claims fiscal headroom can fill £5bn defence funding gap

More from City PM

  • Tony Blair is the only sensible voice left in Labour

    Politics
    Tony Blair Keir Starmer
  • ‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months

    Retail
    Shein clothing display showcasing latest fashion trends in a modern retail setting
  • London luxury property at mercy of Labour chaos, not Iran war

    Property
    Capital gains tax is not currently charged on primary residences. (Credit Beauchamp Estates)
  • Governments can’t ‘tax for growth’ – they need to get out of the way

    Opinion
    Rachel Reeves delivering a speech at a business conference, highlighting economic strategies and engaging with an audience.
  • ‘Politically toxic’ holiday tax could turn voters against Labour, hospitality leaders warn

    Hospitality
    Blackpool skyline at sunset with iconic tower and bustling promenade, highlighting vibrant seaside town atmosphere
  • Jeevun Sandher MP: I am committed to Labour’s fiscal rules, but delivery matters too

    Opinion
    Labour Party celebrates new leaders election with cheering supporters and waving flags at campaign headquarters
  • An emboldened – or desperate – new government will look to wealth taxes

    Economics
    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • Local elections 2026: who will win in Hammersmith and Fulham Council?

    London
    London citizens casting votes at polling station during local elections, diverse group of voters engaged in democratic pro...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy