I think former Citibank economist Michael Burke and former Bank of England Monetary Committe member Marion Bell seem to think along similar lines to the Labour party with regard to budget policy. They might be able to suggest some improvements to Jeremy Corbyn, and help him out in debates with pasty tax Osborne.
Part of the trouble is that Tory politicians don't seem to understand that London and the Home Counties, and perhaps part of the Midlands, are only a fraction of England. They know nothing about the industrial towns in the north, or in Wales, Scotland and Northern Ireland.
Mrs Thatcher wanted deindustrialisation, as well as cuts and closures, and her British steel adviser Ian McGregor, from a New York bank, told the unemployed steel workers to get jobs in the financial services sector, or as footballers. That was not on. I suppose some of them got jobs in the off shore oil business. That started just in time for Mrs Thatcher.
The disastrous result is that UK manufacturing capacity and capability is now at below optimum level. Whatever happened to the British motor cycle industry?