MyQul
Chairman of the Bored
If you go back more than two months, Corbyn and his team were not the most popular entity to have graced the Labour Party. They had been put there by the left wing Militant group and the Unions, and that doesn't sit well with many people. And this was demonstrated by Labour's poor showing in the recent Local Elections. Labour's standing with the electorate was rock bottom with a potential to go even lower.
So when the snap general election was announced Labour realised they would have to put in place a process to drag them from the abyss many talked about. People were already discussing about how they were going to depose JC post election presuming a defeat, and Tony Blair, bless, mentioned a new centre left Labour Party.
So the Labour Party policy team that sit behind him would have probably brainstormed what would be populist ideas to win them votes. It's not rocket science. Lets chuck in all the ideas we can think of which sound good, irrespective of the financial consequences should they be implemented, and in the possible belief that they would not be elected. So typically we have no fees or similar to attract the hundreds of thousands of fee paying students, and bash the business and high earners to name but two. Nationalise the railways, lets go for that as well. Most folks respond to sweeties. Trouble is the money would have run out very quickly, and then what.?
Anyway the policy worked, people voted Labour again, helped by the disastrous election campaign run by the Tories.
However in spite of the all the Labour sweeties on offer there was still a distrust of Corbyn and his team, and the bottom line is they got less votes than the Tories and also ended up with less MPs.
And now as far as the Tories are concerned some of the controversial policies they had in their manifesto have been dropped because that's a pragmatic approach to the situation they have in terms of parliamentary support.
However turn the tables and if Labour had formed a goverment because they had more votes and MP seats but still in a hung parliament do you really expect them to have carried through all of their election promises. No, they too would have taken the pragmatic approach and picked their safest policies to make sure they didn't get voted down.
Yes, Labour filled their manifesto with sweeties (Conseratives offer sweeties too when it serves them) and the Conservative have now 'pragmatically' done a massive U-turn on austerity. What this demonstrates to me is politicians from both sides (although Labour seems to have recognized it sooner than the Conservatives) now recognize that the people of the UK are exhausted from 7 years of austerity.
As far are money running out. Theres always money when politicians want to find it. HS2, Trident renewals, Bailing out banks, etc, etc.