 As he highlighted, these minutes resulted in the 1931 split of the Labour Party in which MacDonald and his allies formed a National Government with Conservatives and Liberals.Callaghan allowed Benn to put forward the Alternative Economic Strategy, which consisted of a self-sufficient economy less dependent on low-rate fresh borrowing, but the AES, which according to opponents would have led to a "siege economy", was rejected by the Cabinet.In response, Benn later recalled that