Rather than an ideological approach, these four ideals – pragmatism, stewardship, One Nation and empowerment – should be the foundations of Conservative economic policy.
It would not only bring practical benefits for the present, but could provide a means of easing societal problems in the future.
The best way of thinking about it isn’t to fix one’s gaze on direct subsidies, but to look wider – at our failure to turn British ideas into British prosperity.
Ever since the EU referendum, there’s been renewed focus on how to help poorer places. Helpfully there is decades of evidence about what does and doesn’t work.
Many political labels started life as insults. At the Adam Smith Institute we think its time to recognise the extraordinary achievements of neoliberalism.