Whole article is good, these paragraphs in particular:

People at the heart of the Labour government seem to be more preoccupied about whether or not it is governing within the Labour tradition than whether it is governing well. Because frankly, the only time that Labour has been able to secure two consecutive full terms in power is when, under Tony Blair, it had a clear theory of economic growth: that of economic liberalism, openness to the world and to the EU in particular.

I don’t think it is going to come as a galloping shock to readers to learn that I think Labour should give that approach another go. But even if you disagree, Labour surely needs to commit to something — whether it is properly funding Ed Miliband’s plans for the green transition, or something else entirely. But the one place it surely should not be looking at are failed approaches from its own history, which did not work at the time and are not going to work any better now, with a less loyal electorate far less inclined to let Labour work through its midlife crisis in public.

EDIT: The headline, by the way, is a reference to a great moment in Tony Blair’s last speech to Labour conference back in 2006:

They say I hate the Party, and its traditions. I don’t. I love this Party. There’s only one tradition I hated: losing.