Sir Michael Spicer: What are the characteristics of old Labour that he dislikes so much? Tony Blair: I am afraid that the Hon. Gentleman will have to… - Tony Blair

" "

Sir Michael Spicer: What are the characteristics of old Labour that he dislikes so much?
Tony Blair: I am afraid that the Hon. Gentleman will have to repeat that.
Sir Michael Spicer: What are the characteristics of old Labour that he dislikes so much?
Tony Blair: Basically, that it never won two successive terms of Government and, perhaps, that it never put the Conservative party flat on its back, which is where it is now. Thankfully, we are running an economy with low inflation, low mortgage rates and low unemployment; fortunately, we are doing a darn sight better than the Government of whom the right hon. Gentleman was a Member, who had—I thank him for allowing me to mention this—interest rates at 10 per cent. for four years, 3 million unemployed and two recessions. Whether it is old Labour or new Labour, it is a darn sight better than the Tories.