Shifted onto the bigger economic picture into the Labour Policy and direction and i think there is a sense, definitely a sense of celebration here that this is the first conference for labour in power in 15 years in the first one with the Labour Party of Prime Minister and 14, definitely that sense, but i would also say the stuff of last week around the freebies, the briefings around to Sue Gray and some important policy things like the Winter Fuel Payment have made this a bit more wobbly and labour would have liked in terms of its first conference and offer its and youre getting a sense that the people i have talked to throughout the day. People i have talked to throughout the da. ~ people i have talked to throughout theda. People i have talked to throughout theda. ~. , the day. When i contrast it with one ear an, the day. When i contrast it with one year ago. The the day. When i contrast it with one year ago, the labour the day. When i contrast it with one year ago, the Labour Conference the day. When i contrast it with one year ago, the Labour Conference in | yearago, the Labour Conference in this exact yearago, the Labour Conference in this exact same venue and they will be here this exact same venue and they will be here it this exact same venue and they will be here it with plenty more years to come. ,. ,. , come. Have they done five for the irice of come. Have they done five for the price of four come. Have they done five for the price of four booking come. Have they done five for the price of four Booking Deal . Come. Have they done five for the price of four Booking Deal . It come. Have they done five for the price of four Booking Deal . It Mayj Price of four Booking Deal . It may have been more price of four Booking Deal . It may have been more for price of four Booking Deal . It may have been more for than price of four Booking Deal . It may l have been more for than that, think this is have been more for than that, think this is the have been more for than that, think this is the fourth in a row here. Anyway. This is the fourth in a row here. Anyway, last year, this conference was heaped with excitement and expectation, yes and awareness that at that expectation, yes and awareness that at that point they had not won anything at that point they had not won anything in terms of the general election. Anything in terms of the general election, but the hope that that was ust election, but the hope that that was just around election, but the hope that that was just around the corner. This year, i think just around the corner. This year, i think there just around the corner. This year, i think there is just around the corner. This year, i think there is the weight of government, the difficulty of Trade Offs and choices, you hear the Anger Trade offs and choices, you hear the anger for Trade Offs and choices, you hear the anger for some on the left, trade Unions Anger for some on the left, Trade Unions and anger for some on the left, Trade Unions and other who think they has been unions and other who think they has been some unions and other who think they has been some missteps around the Winter Fuel Payment. And been some missteps around the Winter Fuel Payment fuel payment. And then a Process Thini Fuel payment. And then a Process Thing where fuel payment. And then a Process Thing where there fuel payment. And then a Process Thing where there was fuel payment. And then a Process Thing where there was meant fuel payment. And then a Process Thing where there was meant to l fuel payment. And then a process| thing where there was meant to be vote among them today but has been shifted back. find Vote among them today but has been shifted back shifted back. And whatever will go aloni with shifted back. And whatever will go along with the shifted back. And whatever will go along with the government shifted back. And whatever will go along with the government will. Shifted back. And whatever will go l along with the government will carry on regardless. Other than the stuff around on regardless. Other than the stuff around freebies and Sue Gray, i was talking around freebies and Sue Gray, i was talking to around freebies and Sue Gray, i was talking to a around freebies and Sue Gray, i was talking to a Cabinet Minister earlier talking to a Cabinet Minister earlier who said, trying to give the best spin. Earlier who said, trying to give the best spin. I earlier who said, trying to give the best spin, i suppose, saying they were best spin, i suppose, saying they were reassured that what they thought were reassured that what they thought of as the fundamentals were sound~ thought of as the fundamentals were sound~ but thought of as the fundamentals were sound. But that they meant the Prime Minister sound. But that they meant the Prime Minister and the Chancellor get on. As always minister and the Chancellor get on. As always been the case of various governments of the past and that they thought that the government was basically they thought that the government was basically functioning. That the prime basically functioning. That the Prime Minister was onboard with what the major Prime Minister was onboard with what the major government are doing. There the major government are doing. There are the major government are doing. There are some arguing and you did this in there are some arguing and you did this in every there are some arguing and you did this in every government, privately that the this in every government, privately that the centre is a little bit sticky that the centre is a little bit sticky. Stuff goes into downing straight sticky. Stuff goes into downing straight for sign off and does not conre straight for sign off and does not conre out straight for sign off and does not come out quickly enough. You do get that all come out quickly enough. You do get that all the come out quickly enough. You do get that all the time though. Interesting reflection, but im think interesting reflection, but im think they will be glad to be part of it that think they will be glad to be part of it that stuff for now. 33150 think they will be glad to be part of it that stuff for now. Of it that stuff for now. Also the sense that of it that stuff for now. Also the sense that they of it that stuff for now. Also the sense that they realise of it that stuff for now. Also the sense that they realise things i of it that stuff for now. Also the L Sense that they realise things will be different now that they are in government, that may be a statement of the obvious but the delegates and activists who come year after year, they feel it is different and its reality setting in, not as if he didnt expect it and were not aware of what was coming, but the reality of what was coming, but the reality of it is here now and i feel like of what was coming, but the reality of it is here now and ifeel like it has hit them and has change the feeling and the tone of the whole thing. Feeling and the tone of the whole thini. Feeling and the tone of the whole thini ,. , feeling and the tone of the whole thini. ,. , , feeling and the tone of the whole thini. , ,. , thing. Yes because the binding agent of a desire to thing. Yes because the binding agent of a desire to win thing. Yes because the binding agent of a desire to win is thing. Yes because the binding agent of a desire to win is gone thing. Yes because the binding agent of a desire to win is gone because. Of a desire to win is gone because they have of a desire to win is gone because they have at one in out his arguments are policies and ideas and with that, arguments are policies and ideas and with that, Trade Offs and choices and with that, Trade Offs and choices and. If with that, Trade Offs and choices and. If we with that, Trade Offs and choices and, if we do x, can we do why. It and, if we do x, can we do why. Is difficult. And, if we do x, can we do why. It is difficult. But also a privilege if you are a government. Lets talk about the speech of a Rachel Reeves on lunchtime monday. Chris has a copy printed up for all. On lunchtime monday. Chris has a c0py printed up for all. The on lunchtime monday. Chris has a copy printed up for all. The old days these to sell them for money. It would make some funds in the future. I it would make some funds in the future. It would make some funds in the future. , ~ future. I remember when Ed Miliband and 20. What future. I remember when Ed Miliband and 20. What they future. I remember when Ed Miliband and 20. What they in future. I remember when Ed Miliband and 20. What they in the future. I remember when Ed Miliband and 20. What they in the year, and 20. What they in the year, what and 20. What they in the year, what month and 20. What they in the year, what month of the year was the 2015 election . What month of the year was the 2015 election . A, what month of the year was the 2015 election . N,. ,. Election . May. It was a standard election. Election . May. It was a standard election it election . May. It was a standard election. It was election . May. It was a standard election. It was a election . May. It was a standard election. It was a 2014 election . May. It was a standard election. It was a 2014 at election . May. It was a standard election. It was a 2014 at labour| election. It was a 2014 at Labour Conference election. It was a 2014 at Labour Conference i election. It was a 2014 at Labour Conference i think election. It was a 2014 at Labour Conference i think when election. It was a 2014 at Labour Conference i think when they election. It was a 2014 at labour| conference i think when they did a no Notes Conference i think when they did a no Notes Thing he managed to forget the deficit no Notes Thing he managed to forget the deficit. And then after Labour Students the deficit. And then after Labour Students would try to make money after flogging printed copies of the speech after flogging printed copies of the speech had flogged copies of the printed speech had flogged copies of the printed speech that he had not used. A genuine printed speech that he had not used. A genuine historical document. Do you remember whenjen read corbyn his first speech as Leader Right out the Stage Directions and he said strong message here and jeremy corbyn. With the speech of Rachel Reeves, i think there were two big constraints going into it, one she could not be too miserable because they decided they had been miserable enough for the past couple of months and they need to be more optimistic and they need to be more optimistic and second, they have a budget on the 30th Of October which is actually when she unveils all of her thinking and decisions so she was a little bit constrained and what she could announce today. Normally they like to announce big stuff in the speech is to make sure goes with a bang. I speech is to make sure goes with a barn. ~. Speech is to make sure goes with a barn. ~ ,. , bang. I felt like she was really walkini bang. I felt like she was really walking the bang. I felt like she was really walking the line bang. I felt like she was really walking the line between bang. I felt like she was really walking the line between maintaining the rhetoric we have heard before about i will be careful with your money, i will not play Fast And Loose with public money, you can trust labour with your money and also trying to sound more sunny. Not just because people want a bit of optimism but because there has been this train of thought which says, if you are to grooming, a dense consumer confidence. And potentially there a ripple. Sol consumer confidence. And potentially there a ripple. So i that she was trained to link straddling the two in leaning towards the more hopeful in the long term but effectively telling people why they are doing what they are doing. An attempt to clarify a bit more and be attempt to clarify a bit more and be a bit more straight with a narrative around economic pain and tough choices they like to call it. In choices they like to call it. In reali , choices they like to call it. In reality, a recognition of the reality reality, a recognition of the reality when you are a government, Words Reality when you are a government, words matter. When you use loads of words words matter. When you use loads of words added to a sentiment of gloom, then the words added to a sentiment of gloom, then the danger is, this is a concern then the danger is, this is a concern that senior focus had privately. Concern that senior focus had privately, that it becomes a self fulfilling prophecy and you talk the self fulfilling prophecy and you talk the economy down and talk it into a talk the economy down and talk it into a recession. So whilst they want into a recession. So whilst they want to into a recession. So whilst they want to maintain the idea that as they think want to maintain the idea that as they think it, theyre being honest about they think it, theyre being honest about difficult choices, they still went about difficult choices, they still went to, about difficult choices, they still went to, they accuse the previous government of celebrating every nricro government of celebrating every Nricro Win Government of celebrating every Micro Win and people are thinking, well life Micro Win and people are thinking, well life is Micro Win and people are thinking, well life is not great, they dont want well life is not great, they dont want to well life is not great, they dont want to be well life is not great, they dont want to be quite as gloomy and virtuous want to be quite as gloomy and virtuous of adjectives about the economy virtuous of adjectives about the economy. Whilst at the same time trying economy. Whilst at the same time trying to economy. Whilst at the same time trying to do the thing that you are saying. Trying to do the thing that you are saying, alex, of Rachel Reeves making saying, alex, of Rachel Reeves making the case that she is a careful making the case that she is a careful custodian of economy. The challenge careful custodian of economy. The challenge she will face in the next Couple Challenge she will face in the next couple of challenge she will face in the next couple of years is that that will ust couple of years is that that will just become a baseline, and expectation and actually, you have to build expectation and actually, you have to Build Stuff upon that that is seen to Build Stuff upon that that is seen as to Build Stuff upon that that is seen as a to Build Stuff upon that that is seen as a dividend, as a win, that is seen seen as a dividend, as a win, that is seenas seen as a dividend, as a win, that is seenasa seen as a dividend, as a win, that is seen as a thing beyond an absence of economic is seen as a thing beyond an absence of economic chaos. Of economic chaos. Assistance the conversation of economic chaos. Assistance the conversation i of economic chaos. Assistance the conversation i had of economic chaos. Assistance the conversation i had with of economic chaos. Assistance the conversation i had with Rachel Conversation i had with Rachel Reeves. Her morning with like this doing loads of interviews. 16. Shes