Labour party

The growth figures for the third quarter of the year have just been released, and it's better than we thought: 0.8 percent, twice the 0.4 percent figure that was expected, but down on the 1.2 percent achieved in the spring. In any case, it should play well for Osborne & Co. We've just witnessed the fastest third-quarter expansion of the economy for a decade. Double speed, rather than double dip. Really, though, these figures throw up more questions than conclusions. By far the most important is: where next? The coalition would have been untroubled by an even larger reduction in growth now (caused by weak consumer spending, among other variables), so long as we get stronger growth in future.

In The Guardian today, David Laws argues for increasing funding for the pupil premium to £5 billion in the next parliament. But, revealingly, rather than talking about achieving this through the Liberal Democrat manifesto, Laws want to secure the increase this side of the next election and so writes about how it relies on persuading George Osborne of the premiums’ worth. Laws appears to be putting down a marker that increased funding for the premium needs to be part of Osborne’s pre-election spending review which should be in autumn 2014. If everything goes according to the coalition’s economic plan, the coalition will be able to announce plans to cut taxes and increase spending in the months before the next election.

Derek Simpson has had a Damascene conversion. The gnarled bruiser, famous for telling Alistair Darling to ‘tax the bankers out of existence’, has backed Les Bayliss, the moderate candidate in the race to lead Unite. According to Sophy Ridge at the News of the World, Simpson added: 'Ranting and raving from the side lines will only keep Labour in opposition for a generation. The cuts announced this week are the tip of a very nasty iceberg but the task of opposing them will be complex. Only one candidate standing in the Unite general secretary election has in my mind the skills for this difficult job.

Andrew Gilligan explains why Lutfur Rahman’s victory in Tower Hamlets is a potentially alarming development. Obviously, this is a humiliation for Ed Miliband. The victory of a de-selected Labour councillor is bad enough, but what does he say about Ken Livingstone’s involvement in Rahman’s campaign? Widening those imploring eyes, offering an apologetic shrug and saying "Ken will be Ken" probably won’t cut the mustard this time. Perversely, Livingstone might benefit from Rahman’s victory, as it has allowed him to resuscitate his ‘Red Ken the insurgent’ pose – and you can’t get much more cynically subversive than this latest stunt.

Cameron was a mere warm-up man at PMQs today. With Osborne’s statement due at 12.30 the session felt like a friendly knock-up rather than the main fixture. Ed Miliband rose to thunderous cheers from his backbenches and he tried to capitalise on their support by opening up an ancient Tory wound – heartless attitudes to unemployment. Spotting Cameron chinwagging with Osborne instead of listening, Miliband chided the PM for not paying attention. ‘Well, it’s a novel concept,’ said Dave smoothly ‘but in this government the prime minister and the chancellor speak to each other.’   Ed’s problem was that the OBR has predicted rising employment for the next three years. Bad news for the opposition leader.

The most shameless line of Alan Johnson's big speech came at the beginning. "Being in opposition does not mean pretending to be in government," he averred, "we will not be producting a shadow spending review." Which would be fair enough, were it not for one simple fact: the Brown government didn't produce a spending review when one was due, last year, either. In which case, Labour's new economic policy is much like their old one. They are sticking by the Alistair Darling plan to halve the deficit over this Parliament, which is encouraging given some of the alternatives. Yet there is still not much detail about how this might actually be achieved. As he has done over the past few days, Johnson riffed on about increasing the taxes on banks.

Courtesy of John Rentoul, Tim Bale, professor of politics at the University of Sussex, offers this appraisal of the 2010 election: 'For all the talk in opposition of decontaminating the Tory brand, of making the party more tolerant and inclusive and less ‘nasty’, the key task facing Cameron when he took over in late 2005 was reassuring voters that the Conservatives could be trusted on welfare and public services.  All the market research suggested that this was the sine qua non — a necessary if not a sufficient condition — of a return to office. When the global financial crisis hit and Britain’s budget deficit ballooned, however, this task remained unfinished and work on it practically ceased.