If the man with the dull beard does win, where will Labour stand in the European Union referendum? Jeremy Corbyn, being a hard leftist, is theoretically against the EU, but eurosceptic Labour friends tell me that he is not to be relied on when the going gets tough. I expect he will adopt the conventional ‘anti-austerity’ position, which is to assail the European elites while not doing anything which might risk the loss of the subsidies they provide and the regulations they pour forth. If so, that will, on balance, be good for the ‘get out’ side. A Corbyn-led campaign for a No vote would drive lots of Tory waverers right back to David Cameron.
This is an extract from Charles Moore’s notes. The full article can be read here.