The New Party was a political party briefly active in the United Kingdom in the early 1930s. It was formed by Sir Oswald Mosley, an MP who had belonged to both the Conservative and Labour parties, quitting Labour after its 1930 conference narrowly rejected his "Mosley Memorandum", a document he had written outlining how he would deal with the problem of unemployment.
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On 6 December 1930, Mosley published an expanded version of the "Mosley Memorandum", which was signed by seventeen Labour MPs: Oliver Baldwin, Joseph Batey, Aneurin Bevan, W. J. Brown, William Cove, Robert Forgan, J. F. Horrabin, James Lovat-Fraser, John McGovern, John James McShane, Frank Markham, Lady Cynthia Mosley, Sir Oswald Mosley, H. T. Muggeridge, Morgan Philips Price, Charles Simmons, and John Strachey. It was also signed by A. J. Cook, general secretary of the Miners' Federation.[1]
On 28 February 1931 Mosley resigned from the Labour Party, launching the New Party the following day. Mosley initially attracted the allegiance of six Labour MPs, although two resigned membership after a day and sat in the House of Commons as independent MPs. The party received £50,000 funding from Lord Nuffield and launched a magazine called Action, edited by Harold Nicolson.[2] Mosley also set up a party militia, the "Biff Boys" led by the All-England rugby captain Peter Howard.[3]
The New Party's first electoral contest was at the Ashton-under-Lyne by-election in April 1931. With a threadbare organisation they polled some 16% of the vote, splitting the Labour vote and allowing a Conservative to be returned to the Commons. Two more MPs joined the New party later in 1931 - W.E.D. Allen from the Unionists and Cecil Dudgeon from the Liberals. At the 1931 general election the New Party contested 24 seats, but only Mosley himself, and a candidate in Merthyr Tydfil (where they stood against only the Labour Party) polled a decent amount of votes.
The New Party programme was built on the "Mosley Memorandum", advocating a national policy to meet the economic crisis that the Great Depression had brought. Mosley's desire for complete control of policy making decision of the New Party lead many members to resign membership. He favoured granting wide-ranging powers to the government, with only general control by Parliament and creating a five member Cabinet without specific portfolio, similar to the War Cabinet adopted during the First World War. His economic strategy broadly followed Keynesian thinking and suggested widespread investment into housing to provide work and improve housing standards overall, but also supported protectionism with proposals for high tariffs walls.[3]
Following the election Mosley toured Europe and became convinced of the virtues of Fascism. As the New Party became more authoritarian and parts of it (notably its youth movement NUPA) began to adopt fascist thinking, previous supporters such as John Strachey defected from it, and in 1932 Mosley united the various fascist organisations in the UK, forming the British Union of Fascists, into which the New Party subsumed itself.
The name has been brought back as a second (unrelated) New Party has been launched in Britain.