The second part of a mini-series on ConservativeHome this week about how the Government can help Britain’s economy to grow faster.
We can avoid getting into an argument about whether or not the Government’s plan is an industrial strategy. The Conservative Party has got rather hung up on that term.
When a minister comes under attack from the parliamentary lobby, petty allegations are treated as monstrous crimes.
In a politics over-stocked with PPE graduates from Oxford, she has shown that a Liverpudlian who left school at 16 can triumph.
Rather than an ideological approach, these four ideals – pragmatism, stewardship, One Nation and empowerment – should be the foundations of Conservative economic policy.
The tax-cutters have tested their established strategies to destruction. When they got their woman into Downing Street, it took just 45 days for their agenda to crash-and-burn.
Two months ago, I warned that you could ignore Truss’s campaign pledges, and that her premiership would herald higher taxes, more borrowing, and spending cuts. Unfortunately, I have been entirely vindicated.
The thought of watching Truss perform like this week after week is for Tory MPs unbearable.
At a macro-level, it reinforces prudence and affordability. But at a micro-level, it can be an obstacle to speed, efficiency and innovation.
Free market reforms need to be bold and implemented rapidly if they are to have the best chance of being a proven success by the next General Election.
For the first time since 1979, we saw a Tory PM enter office who believes in an economic doctrine and is not afraid to preach it.
But there are truths in life – for example, that a stich in time saves nine, beggars can’t be choosers…and that you can’t spend more than your earn. His premiership ends with record spending and taxes.
The author compares politics to a game of snakes and ladders, but demonstrates that it is actually far harder than that.
The Foreign Secretary’s proposals most resemble Anthony Barber’s 1972 ‘dash for growth’, pouring fuel on the fire of an economy already racked by monetary expansion and a looming energy crisis.