A slowdown in the economy could help Labour's chances in next year's election, according a Labour MP.
Graham Allen, MP for Nottingham North, told BuzzFeed News that the Labour should seize the opportunity of a stagnation in the global economy to demonstrate that Labour wasn't responsible for the global recession that has haunted its election campaign.
"We were regarded as the party of economic competence in the Blair/Brown years until the global recession," Allen said, "and we need to recapture that because that is the basis upon which everything like the NHS and education and unemployment will stand."
Global economic clouds give us a second chance to kill the myth that Lab created the recession, Ed use it
Allen added that the party has struggled to win public support on their economic policy because of a failure to respond to attacks from the Tories during Labour's 2010 leadership election. This allowed the Conservative party to create "lies" that the recession was Labour's fault, he claimed.
Prime Minister David Cameron has already warned in the Guardian that "red warning lights are flashing on the dashboard of the global economy" and British exports had already suffered as a result of an economic decline in the eurozone.
Allen hopes the party can use the prime minister's warning to reshape the idea that Labour was responsible for the country's economic problems.