 He warns nations that buying cheaper goods from other nations may sound appealing but ultimately ravage your domestic industry and lead to large unemployment as seen in the 30s.Mosley in regards to free trade argues that they are trying to "challenge the 50-year-old system of free trade which exposes industry in the home market to the chaos of world conditions, such as price fluctuation, dumping, and the competition of sweated labour, which result in the lowering of wages and industrial decay.” 

Dissatisfied with the Labour Party, Mosley founded the New Party.Its early parliamentary contests, in the 1931 Ashton-under-Lyne by-election and subsequent by-elections, arguably had a spoiler effect in splitting the left-wing vote and allowing Conservative candidates to win.