Why Labour lost: Ken Livingstone’s 1992 version

Election night, 1992. BBC TV studios. Ken Livingstone is asked why Labour lost to the incumbent Conservative government, despite the big economic recession.

Peter Sissons: Where does the blame [for Labour’s defeat] lie? Put your finger on it.

Ken Livingstone: The whole party has moved too far to the right. Been too frightened to challenge vested interests … We didn’t say we were going to cut defence spending. We didn’t say we were going to have any constraints on the export of capital abroad.