James Kirkup: The hole at the heart of Tory economics
https://blogs.spectator.co.uk/2019/11/the-hole-at-the-heart-of-tory-economics/amp/?
I suspect the 2019 general election campaign will be very light on discussion of Conservative economic policy.
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Because a Conservative Party that relies on the votes of lower-income voters who like a more generous state is not a party that can easily maintain supposedly Thatcher-inspired ambitions to shrink the state and lessen the tax burden.
It may well be a party that tries to duck the hard choice between cuts and taxes by borrowing more;
the last couple of years suggest modern Tories aren’t afraid to splash borrowed cash on unfunded promises.
But if that continues, what remains of the Tory claim to be the party of sound money, good housekeeping and balanced budgets?
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Ideas of Thatcherism are especially relevant to this discussion when we get to Brexit and the economic model that Britain constructs outside the EU.
Brexit might bring Workington man to the Tories, but does he expect or want our exit to turn his country into a bigger, colder Singapore?
To develop a coherent economic policy, Tories will sooner or later have to confront the discordance
between what voters in Leave-leaning Tory target seats want
and the libertarianism of senior Tories such as Liz Truss.
Truss has won fame and popularity among a certain sort of Tory for celebrating the freest of markets and lauding young Brits as ‘#Uber-riding #Airbnb-ing #Deliveroo-eating #freedomfighters’. 🤮
Several of her colleagues worry that the voters needed to win this year’s election experience the economic disruption Truss celebrates as a negative force in their lives.
On the long list of economic questions for the Tories to answer one day:
can a party celebrate Uber and get the votes of taxi drivers?
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The Conservatives might, just, be able to win the general election without answering these questions and setting a coherent economic policy.
They will not be able to govern that way.