"Sir Oswald Mosley’s British Union of Fascists was one of the most interesting failures, not least because Mosley probably had the greatest intellectual gifts and the strongest social connections of all the fascist chiefs. As a promising junior minister of the Labour government of 1929, he put forward a bold plan in early 1930 to combat the Depression by making the empire a closed economic zone and by spending (into deficit, if need be) for job-creating public works and consumer credit. When the leaders of the Labour Party rebuffed these unorthodox proposals, Mosley resigned and formed his own New Party in 1931, taking a few left-wing Labour MPs with him. The New Party won no seats, however, in the parliamentary election of October 1931. A visit to Mussolini persuaded the frustrated Mosley that fascism was the wave of the future, and his own personal way forward."