ABSTRACT
This chapter outlines the Dick Durbin and Hugh Gaitskell political and economic strategy had been worked out by 1935. On economic strategy Durbin and Gaitskell had further clarified their short-, medium- and long-term goals. Concern with immediate practicality has always been a trade-mark of British democratic socialism. Thereafter, Gaitskell and Durbin became the intellectual leaders of a group among the new generation, who thought through the appropriate revisionist strategy for the Labour party in the altered circumstances of the mid-1930s. In the spring of 1935 Meade completed an eighty-foolscap-page ‘Outline of Economic Policy for a Labour Government’. The principles of economic policy and planning which Durbin and Gaitskell had worked out in their New Fabian Research Bureau committees had been summarized in Durbin’s memorandum for the Labour party delivered in January 1934. Their main effort had been to determine the political constraints and to devise the appropriate economic policies to achieve an orderly transition.
