Britain

The Economic Challenges Beyond Brexit

Samuel Hooper1 Comment

Bitter, swivel-eyed (and unrepentant) europhile he may be, but the FT’s Martin Wolf makes some valid points in his latest column, warning against any complacency that Britain’s persistent economic weak points will be automatically restored to health upon leaving the European Union.

Wolf writes:

British economic policymakers confront big challenges. They have to manage departure from the EU with the minimum damage. They also need to make the UK economy far more dynamic. The latter cannot be achieved if they do not abandon the myth that Britain is already an economic success, albeit one choked by the dead hand of an over-regulated European economy.

Simon Tilford of the Centre for European Reform provides a far more realistic picture in his Brexit Britain. Measured at purchasing power parity, the rise in the UK’s gross domestic product per head between 2000 and 2015 was smaller than in Germany, Spain and France. Over this period, the UK outperformed only Italy, among the EU’s largest pre-2000 members. In 2015, the UK’s GDP per head was lower relative to the average of the 15 pre-2000 EU members than in 2000: its GDP per head was a mere ninth within this group.

The UK also has the highest income inequality among these countries. Furthermore, notes Mr Tilford, UK real wages fell by 10 per cent between 2008 and 2014, before a tiny uptick in 2015, while German and French real wages rose. In 2015, only London and the South-East had higher GDP per head than the average of the EU-15 countries. Other UK regions were at or below that average. In all, it is hardly surprising so many UK voters feel left behind, as shown in the EU referendum.

True, the increase in French real wages has coincided with high unemployment. But that is not true in Germany. UK workers also work longer hours than those in other EU-15 countries. This is presumably to make up for low real wages, themselves largely due to the UK’s poor productivity. According to the Conference Board’s invaluable “total economy database”, the only EU-15 countries to have lower output per hour than the UK are Greece, Italy and Portugal, while the UK’s productivity per hour has stagnated since 2007. Again, of the biggest five EU-15 members only Italy performed worse on this measure. The UK also now runs the largest current account deficit, relative to GDP, in the EU-15.

The UK, then, has low unemployment. But it also has high inequality, mediocre real incomes, at least by the standards of its European peers, and poor external competitiveness. Above all, recent productivity growth has been truly awful.

These are hard, inescapable criticisms – particularly in terms of productivity growth and purchasing power parity, which is ultimately the only yardstick that matters in terms of whether people actually feel better off.

And concludes:

The implications of a realistic view of the UK economy is that, even without the looming shock of Brexit, the economy suffers from big weaknesses relative to the European economies that many Brexiters despise. Some argue that a real depreciation of sterling is mainly what is needed. If sustained, the post-referendum devaluation should indeed help, though it means a fall in real incomes and wealth. Yet devaluation alone will not cure UK weaknesses.

The UK has to rectify longstanding supply-side failings. The list includes: low investment, particularly in infrastructure; inadequate basic education of much of the population and the innumeracy of much of its elite; a grossly distorted housing market; over-centralisation of government; and a corporate sector whose leaders are motivated more by the share price than by the long-term health of the business. Not surprisingly, given all this, the UK economy is highly dependent on inward foreign direct investment, which Brexit would seem virtually certain to weaken.

If the UK is to thrive economically, it will not be enough for it to manage Brexit, hard though that will surely be. Its policymakers must also start from a realistic assessment of the UK’s mediocre performance. This is no world-beating economy. It is not even a Europe-beating economy, except on creating what are too often low-wage jobs. It will have to do far better if it is to deliver the higher living standards its people want in the tougher environment ahead.

The danger with Brexit was always that the sheer complexity of managing our secession from the European Union would prove too much for a mostly unremarkable generation of politicians and civil servants, nearly all of whom have never known life outside the EU and can scarcely imagine self-government. Even now, three months after the historic Brexit vote, there is little evidence that the government has started to get to grips with the challenge ahead of them.

Therefore, it is not unreasonable to ask – as Martin Wolf does – how much mental capacity will be left to tackle other burning issues like Britain’s low productivity, the low-skill / low-wage segment of the economy or decades-old weaknesses in British management, identified by Thatcher’s Conservatives in the late 1970s but still barely tackled even now.

And I’m not sure there is a quick fix to this problem. Brexit will inevitably dominate the political agenda, probably for the next decade, to the near exclusion of all else. And even if there was excess capacity, there is precious little evidence to suggest that Theresa May’s new government has a blazingly clear vision for reforming Britain anyway – as Isabel Hardman outlines in this excellent Spectator piece.

In short: many of these problems, though long-festering, are probably going to have to wait to be tackled, unless the government surprises us all with its radical zeal and far-reaching reform plans at the upcoming Conservative Party Conference, which seems unlikely at best.

If you wake up to discover your house is ablaze and smoke pouring into the bedroom, you don’t waste precious minutes ensuring that you are beautifully dressed and immaculately turned-out before evacuating the building. Likewise, in whatever shape Brexit ends up happening, Britain will likely emerge from the EU in much the same shape as before, with the same nagging issues and weaknesses clamouring to be addressed.

Inspiring? No. Ammunition for assorted bitter Remainers, EU-lovers and anti-patriots? Sadly, yes. But that is our lot. Brexit is likely to be a grinding, painstaking, lengthy process at the end of which the same Britain will be blinking back at us, largely unchanged, with all the rest of our work to realise the benefits of Brexit still ahead of us.

But does that mean the enterprise is not worth the effort? Hell no. And it is very telling to see those who are prepared to steel themselves for the work ahead, and those who seek to use it as a whinnying justification for giving up.

 

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How The Corbynites Would Behave In Government – A Lesson From The 1980s

Samuel HooperLeave a comment

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Conservatives should not feel smug about the hard left takeover of the Labour Party. History shows us that these people are tenacious and capable of inflicting real damage on people and communities in pursuit of their warped ideology, from the lowest seats of power

What would Jeremy Corbyn and the hard left of the Labour Party do if they actually gained political power? It is a question we tend not to ask ourselves or discuss, the possibility seeming so laughably remote that we naturally fixate more on what the Conservative Party is likely to do, given a small majority in government but no real organised opposition.

But it is a question that we should ask ourselves. This blog has been unashamedly supportive of Jeremy Corbyn’s leadership of the Labour Party, not because I agree with his ideology or any Corbynite political positions but because Corbyn represents (together now with Brexit) one of the only agents for breaking British politics out of its current stale, centrist consensus.

The managerial, technocratic politics of the last twenty years has alienated people and drives them away from political discussion, essentially boring them to death while the two main parties squabble over relatively trivial differences in attitude toward taxation, regulation, culture and foreign policy. The 2010 general election, taking place at the height of the Great Recession at a time when bold and original thinking was most needed, hinged on a puny £6bn difference in big spending commitments between Labour and the Conservatives. And though the EU referendum and the subject of Brexit divided the country in half, every political party but one came down hard on the side of remaining in that sclerotic and anti-democratic union.

There is not nearly enough choice in British politics. Being a centrist Labour MP today means broadly accepting the status quo on nearly all fronts while droning on continuously and sanctimoniously about “equality” and “fairness” to anyone who will listen, while being a typical Tory means waxing lyrical about personal freedom and responsibility while doing nothing to shrink the state or bring an end to government paternalism. Even the third parties, so long a pressure release valve, tend to fall in line with the consensus. The SNP is nothing but a slightly more authoritarian and social democrat-leaning Labour Party with a sprinkle of anti-English resentment, while UKIP seems to have betrayed its roots as a radical right-wing party in favour of appealing to disaffected left-wing Labour voters.

In this bland, homogenised context, anything which offers people real choice – a real varied palette of political colours to choose from – can only be a good thing, if for no other reason than that bad ideas will fester and grow out of sight of the country at large unless they are regularly expressed, challenged and defeated. So for all of these reasons, having a genuinely left-wing leader of the Labour Party again is not only jaw-droppingly obvious, it is also essential for the renewal of our democracy.

And yet…

One must also consider what ideologues actually do when they are in power. The Left in particular love to use the Thatcher government as a bogeyman and an emblem of everything evil about conservatism as an ideology, while conveniently glossing over the fact that Britain was a terminal patient receiving half-hearted palliative care before Margaret Thatcher gave the economy and the country some painful, revolutionary but absolutely necessary shock treatment.

But what do the ideological Left do when they are in power? Well, thankfully they have never grasped the reins of national government – the suffocating bipartisan post-war consensus was bad enough. But the hard left do have a track record in local government, and it is not a pretty one.

And that’s where this video comes in – kindly shared with me on Twitter by @eddiecoke. It is about fifteen minutes long, and well worth your time. The video is an excerpt from a 1980s American documentary about the behaviour of the hard, ideological (or “loony”) left in British local government. And some of what you see is quite shocking.

Of course, I knew about all of this in theory. Writing daily about politics, one hears about Red Ken and the GLC, or Derek Hatton and Liverpool City Council. But for early millennials like me, born when Thatcher was already in power and coming of age during late Blairism, the antics of the loony left are often now understood only in theory, while it takes seeing them in practice for the mind to recoil.

Watch the whole video.

What do we see?

Council censorship committees literally going through library books and purging those which do not convey a Social Justice message (in one case a picture book is banned because a white girl character has the temerity to tame a black horse with the aid of sugar cubes).

Snow White and Dr. Doolittle similarly banned.

Beauty and the Beast, Rupert Bear and Thomas the Tank Engine, too.

Replaced by books which go far beyond encouraging tolerance and equal rights, with one book for five-year-olds featuring a section entitled “Masturbation (Touching Yourself to Feel Good”.

The phasing out of competitive sports at school, replaced with open-ended games in which there are no rules, no score is kept and everybody “wins”.

Emboldened Marxist history teachers indoctrinating children with unashamedly pro-communist, anti-American diatribes.

The Brent African Women’s Council being invited to suggest changes to the school lunch menus, and then filibustering a meeting when okra soup and plantain were found not on the menu every single day.

A school governor bragging that he has effectively banned the police from setting foot on his school campus by threatening the headteacher’s job.

Social Justice pantomimes, with the traditional stories modified to shoehorn in messages of liberation and equality (because leftists can’t leave a good story unmolested).

Efforts to get schoolchildren to draw comparisons between the introduction of legislation to crack down on militant trade unionism and the Holocaust.

Viewing this litany of crazy, authoritarian leftist social engineering programmes run amok is quite sobering. And it does make one reconsider whether supporting Jeremy Corbyn and the ascendancy of the Labour Left is the right thing to do. After all, they have unleashed horrors like this on ordinary citizens while controlling only local authorities – how much more harm could they do if unleashed again, or (heaven forfend) on national government?

The answer: a lot. They could do a lot of harm. But that is no reason to recoil in horror at a democratic decision made by ideologically fervent members of the Labour Party. The correct reaction is to ensure that conservative thinking is similarly renewed and emboldened so that it presents an attractive alternative to voters.

Conventional wisdom says that this is already the case – that the UK electorate would pick Theresa May to stay on as prime minister over Jeremy Corbyn in a heartbeat, and that all the Tories need to do is remain as blandly inoffensive / desperately boring and unambitious as possible, so as not to spook voters into reconsidering.

I think this is dangerous complacency. After the past year in politics (on both sides of the Atlantic), nobody has any business making confident predictions about what will or will not happen, or to declare the status quo to be a cast iron certainty forever. Politics at its inclusive and inspiring best is about convincing people to consider new or different ideas, including ones which they had previously rejected. The Leave campaign would never have prevailed in the EU referendum had many people who were ambivalent or even warmly disposed towards the EU persuaded that Britain’s future would be brighter outside. Jeremy Corbyn is asking the British people to consider a radically different political settlement too, and while it is highly likely that the people will tell him to take a hike, it cannot be guaranteed.

Smug right-wing columnists may chortle that Jeremy Corbyn will never see electoral success, but they don’t know what economic or geopolitical shocks lie in await around the corner, or how those will impact British politics. Neither can they guarantee that the British political Right will not undergo a similar schism as is now taking place on the Left, instantly making everything competitive again.

It is not enough for small and large-C conservatives to sit back complacently and laugh at the Labour Party’s turmoil, while doing absolutely nothing to revitalise our own thinking and policymaking. It is not enough to assume that the country knows that conservative solutions are inherently better and more in tune with human nature than socialist dogmas.

If we really are about to enter a new political age where ideology actually starts to matter again, then conservatives should be worried, because we have been caught by surprise. The left’s answer was clearly to re-awaken the socialism of the 1980s and the GLC. What is our answer to be?

Hopefully Theresa May will spell out some broad strokes during the upcoming Conservative Party Conference. But I wouldn’t hold out much hope – the government has its hands full trying to deal with Brexit, and Theresa May’s reputation is that of an authoritarian traditionalist, not a small government, pro-market radical.

And until we conservatives can come up with a coherent and appealing vision for what small government conservatism should look like in 2016 (rather than the post-Cameron fudge we are currently presenting to the public) then our best defence – our only defence, really – against the Corbynites will be their own appalling record in government, going back some thirty years.

 

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Latest Front In The Social Justice War: Censoring Beloved Children’s Books

Samuel Hooper2 Comments

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We must resist the insidious rewriting of beloved classics to make them retroactively conform to today’s social attitudes and dogmas

This blog has been (justifiably) quite hard on Ariane Sherine, the Spectator’s latest affirmative action hire, expressing exasperation with her wide-eyed surprise that Ukippers and pro-Brexit folks don’t immediately lynch every single Asian person they come across and suggesting (ahem) that she represents everything that is wrong with the closed shop of Westminster political journalism.

But credit where credit is due – her latest piece in The Spectator identifies a real and insidious issue, and Sherine even manages to come down on the right side of it.

That issue: the censorship and rewriting of beloved children’s literature to make the texts conform to with the current dogma that young people must not be exposed to old-fashioned turns of phrase, ideas or even names which jar with today’s coddling, infantilising and achingly PC culture.

Sherine writes:

Six years ago, the publishers Hachette took the well-meaning yet preposterous step of making ‘sensitive text revisions’ to Enid Blyton’s classic Famous Five books. So ‘tinker’ was changed to ‘traveller’, ‘mother and father’ to ‘mum and dad’ and ‘awful swotter’ to ‘bookworm’. The suggestion that tomboy George needed ‘a good spanking’ became ‘a good talking to’, while girly Anne’s assertion, ‘You see, I do like pretty frocks — and I love my dolls — and you can’t do that if you’re a boy’ had its final clause removed, rendering the sentence throwaway rather than poignant. Unsurprisingly, given that all the charm had been stripped out of them, the revised editions flopped, and last weekend it was reported that Hachette were reverting to the originals. The publishers conceded that the updates had proved ‘very unpopular’.

But Hachette isn’t the only culprit. Earli­­­er this year, I bought my five-year-old daughter one of the Blyton titles I had enjoyed most as a child, The Magic Faraway Tree. I read it aloud to her, expecting to feel warmly nostalgic, but I merely felt baffled and irritated to discover that the publishers, Egmont, had also made several unnecessary changes. The names Fanny and Dick had been changed to Frannie and Rick. At first, I thought this was a misguided effort to avoid schoolchildren giggling at unintentional innuendo, but then I found that the names Jo and Bessie had also been pointlessly updated to Joe and Beth.

Joe and Beth? It wasn’t enough for Hachette to butcher beloved Enid Blyton characters, they really had to turn them into preening, insufferable hipsters too? No, this is too much.

Sherine continues:

Decisions to amend old, politically incorrect texts are based on a myth: that children are malleable, delicate creatures. Let’s eradicate anything remotely contentious! But anyone with a child over five knows that to edit the past is to insult both their intelligence and their resilience. My little girl is astute, tough and robust, and gleefully recounts gruesome fairy tales she has heard from friends. A colleague’s young sons delight in reading Old Testament stories of massacres and murders in their 1960s version of the Bible. These parables won’t turn our children into serial killers, and nor will Blyton’s unreconstructed slant on the world adversely influence their characters. I spent ages five to 12 engrossed in Blyton’s novels, and am yet to be branded sexist, racist or classist.

She’s lucky; I myself have been accused of the holy trifecta (sexism, racism and classism) despite being a mixed race person from pretty humble socio-economic background, primarily because I fail to spout the “correct” progressive left wing opinions on social justice, affirmative action and redistribution – but I don’t hold my avid readership of The Five Find-Outers to blame.

But Sherine is absolutely right, children are resilient creatures. In fact, children are the the epitome of anti-fragility – that precious quality of actually becoming stronger and more durable the more they are challenged and stretched in their thinking. And yet we seem determined to beat this precious quality out of our young people today, and we do so with such zeal that by the time they leave school for university many young adults are quivering wrecks, convinced that any exposure to conflicting ideas or any feedback less than warmly affirming will somehow gravely injure them and even “invalidate” their carefully-constructed “identities”.

More:

In fact, older books’ anachronisms can prompt useful conversations about changing attitudes towards race, sex, sexuality and class. The comedy writer Nathaniel Tapley recently encouraged his young son Thomas to read the 1967 children’s book Lion Adventure by Willard Price, remembering the boys’ adventure series as being rip-roaring fun. When his son asked: ‘Daddy, what does, “This is black man’s country’ mean?”’ they went on to discuss how differently people think about race these days, and whether or not people should live together.

[..] Children should not be patronised or mollycoddled — they should be free to read all about the amusingly quaint ideas, thoughts, words and names from the olden days, however sexist, unpalatable or wrong these may be considered now. They can learn from the past — but only if it remains uncensored.

This is a really important point. I was born in 1982, and some of the things I read in Enid Blyton books seemed strange or jarring to modern sensibilities even then. Did this in any way detract from my enjoyment of the books? No. Did it cause me to absorb the 1940s attitudes toward race and gender contained within? No. Did it prompt a conversation or two with my mother about why things were different, or why characters talked a certain way? Probably, yes. And from those discussions I learned and grew, as will young children today if they are given the chance to read the unadulterated, uncensored Enid Blyton.

This doesn’t just apply to children’s literature, of course. In 2011, a pinch-faced, hectoring Social Justice edition of Huckleberry Finn was released, in which the racist term “nigger” was replaced with the more emollient “slave”. This in turn was in response to numerous schools dropping the American classic from their curriculum because the PC zealots in charge preferred to pander to the imagined fragility of their students rather than read and teach through the awkwardness to understand the time and context in which the book was written.

But whether it is adult literature or beloved children’s classics, publishers have no business vandalising and defacing important artefacts from human civilisation just because they fail to live up to the tremulous, wobbly-lipped standards of the Permanently Offended.

Ariane Sherine is right to be outraged at the censorship of Enid Blyton. We should all be outraged. Because as with everything else connected with social justice, the progressive censors are not really signalling their low approval of these long-dead authors. No, what they are actually doing is signalling their disapproval of us. They are saying that we either are too pathetic and delicate to understand these social and literary anachronisms, or that we simply cannot be trusted to hear racist, sexist or homophobic dialogue in the context of great or beloved works of literature, lest the lumpen masses seek to recreate the 1950s (or the 1850s) in today’s world.

In other words, the progressive censors believe that you are either a perpetual victim or a would-be future racist, sexist or thought criminal. And if there is any ugly sentiment which should be purged from the world, the progressive metro-left’s sneering contempt for ordinary people would rank very high indeed on the list.

 

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Top Image: “The Magic Faraway Tree” by Kerry Darlington

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Submission, Part 4

Samuel Hooper1 Comment

In his FT column today, Janan Ganesh doffs his hat to reality:

Today, lots of people will end a romance, or stop fighting a terminal illness, or let an argumentative colleague have the last word, or fold a bad hand at the poker table. “Nobody likes a quitter” but prudent capitulation is a part of life. Junior doctors in England have saved their dignity and perhaps some lives by backing down from strike action. Would we rather they showed valour for its own sake?

Because our culture accords no honour to the act of giving up, the remaining moderates in Britain’s Labour party cannot be seen to entertain it. Jeremy Corbyn renewed his leadership over the weekend. The left is rampant. A reverse McCarthyism, with socialists doing the interrogation, is the daily lot of critical MPs. And still they will not resign the Labour whip to form a new party.

That is their decision. It is easy for commentators to will a formal breakaway that others would have to perform. But the least they could do is spare us another round of their fighting talk. They will “never surrender”, you see. The comeback “starts now”, apparently. The people who brought you Owen Smith, pallid flatterer of Mr Corbyn’s worldview and unwanted alternative to him, demand to be reckoned with.

Their plan, such as it exists, is to outnumber the left by recruiting hundreds of thousands of pragmatic voters to the party while refreshing themselves intellectually. The first of these projects seems fanciful, the second unnecessary.

The people they want tend not to join political parties. Their participation in real life gets in the way. An entirely fresh movement founded on the pro-European centre-left could, perhaps, attract those who feel dispossessed by Mr Corbyn and what is shaping up to be a hard exit from the EU. An invitation into an old, tainted party to fight ideologues who know the difference between Leninism and anarcho-syndicalism for mastery of things called the National Executive Committee is, for many people, a refusable offer.

If that is really their best idea – and Janan Ganesh is well connected, so he would know – then Labour’s centrist MPs deserve neither respect nor sympathy at this point. They already tried to pack the membership with an influx of moderates who would rise up against Jeremy Corbyn, and it didn’t work, Corbyn was re-elected by an even greater majority. And their new cunning plan is to try the same trick again?

Ganesh concludes:

If this reads like a counsel of despair, it should. There is a reasonable chance, and it becomes stronger by the day, that Gordon Brown will turn out to have been the last Labour prime minister. Even if the rebels dislodge Mr Corbyn and install one of their own, the public will remember their party as one that voted for the hard left twice in as many years. There are such things as lost causes. There is something to be said for giving up and starting again.

They will do no such thing, of course. They will insult our intelligence by talking up a mass harvest of new centrist members and fall back on the wheezing old line they always quote when their steadfastness is in doubt. In 1960, during another struggle with the left, Hugh Gaitskell, the Labour leader at the time, said he would “fight, fight and fight again to save the party we love”.

So much of Labour’s internal culture is contained in that magnificent and deranged line. In the normal world, you are not meant to love a political party. It is not your family. It is a machine with a function: in Labour’s case, the material improvement of working people’s lives through parliamentary means. If it is broken, fix it. If it cannot be fixed, build a new one.

Sentimentality made Labour moderates stick with leaders they should have culled. It made them open their party to the wider left. And it keeps them in a fight they cannot win.

Gradually they come to realise what this blog has been saying for months – that New Labour is irreversibly dead and buried, and that this is Jeremy Corbyn’s party now. The centrists are not merely taking a break – they have been turfed out, just as the old-school socialists were once marginalised and frozen out by Neil Kinnock, John Smith and Tony Blair.

The options are to accept that it is Jeremy Corbyn’s turn for the next four years, or do the decent thing and split from the Labour Party to form their own new party of the centre-left (while watching nervously to see what percentage of the Labour grassroots membership follows them out the door in solidarity).

Honour can be found in either submission or divorce – but please, spare us from another year of overwrought, teenage drama and soap opera shenanigans.

 

UPDATE: Read Submission Part 1 here, Part 2 here, Part 3 here.

 

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In Furious Denial Over The Failure Of Leftist Economic Policy, Owen Jones Misrepresents Conservatism

Samuel Hooper2 Comments

Owen Jones continues to use his Guardian column to peddle lies and misrepresentations about conservative economic policy, in a Herculean effort to save British leftists from having to come to terms with their failed economic policy dogma.

In praise of John McDonnell’s unabashedly left-wing conference speech, Jones whines:

It was a speech not lacking in concrete proposals: a tax transparency and enforcement programme; a £250bn investment programme in infrastructure and clean energy; a national investment bank, backed up by regional investment banks, to support small businesses; legislation to stop the emergence of Philip Greens by reforming companies – preventing them from “taking on excessive debt to pay out dividends” and ensuring company takeovers protect workers and pensions; the promotion of cooperative and worker ownership; protection for self-employed people; plans for a universal basic income and the reintroduction of collective bargaining to stop the levelling down of wages.

The critique writes itself: Labour lost the last election because it was not trusted with the nation’s finances. How on earth do these speeches address those concerns? There are two points to make. Firstly, Labour’s failure to defend Blair and Brown’s spending record – with the Tories revising history to claim that the investment they backed was at the root of Britain’s economic woes – is critical to understanding the party’s election loss. That’s why the Tories’ line – “why hand the keys back to the driver who crashed the car?” – was so devastatingly effectively.

My emphasis in bold.

Sorry, but this is complete balderdash from Owen Jones. The conservative / small government criticism of New Labour economic policy is not that runaway government spending *caused* the economic crisis – that is clearly false, when we know that the crisis was precipitated by a bad credit-fuelled housing bubble which undermined a grasping and improperly regulated banking sector. The conservative position is that by spending money like it was going out of fashion and running budget deficits even in the good years, there was absolutely no “rainy day” fund or financial buffer available when the bottom fell out of the economy and tax revenues dried up.

That is the real reason for today’s so-called “austerity” (meaning slightly reduced increases in government spending compared to earlier baselines). Jones later goes on to charge the Tories with “the failure to eliminate the deficit as promised, a rising national debt” – well, what would his preferred spendthrift policies have done? If Owen Jones is seriously suggesting that the forsaken economic recovery resulting from continued or increased government spending from 2010-15 was so great that it would have paid for itself, eliminated the deficit and taken a chunk out of the national debt then he is treating his readers like they are stupid. And he is holding the Tories to a standard of economic miracle-working which he would never expect of his own beloved Labour Party.

The reason that nobody trust the Labour Party on the economy – the reason that Labour MPs are laughed out of town whenever they even make a claim to economic competence – is that New Labour’s remorseless cranking up of the size of the state, together with their endless expansion of government spending and determination to hook more and more people on government welfare, meant that Britain was uniquely badly positioned among advanced nations to weather the global financial crisis.

The charge is not that idiotic PPI contract-delivered hospitals and shiny new school buildings in Britain actively caused a global credit crunch and recession. The charge is that this ignorant spendthriftery weakened Britain’s financial position, meant that the slightest cuts in government spending would immediately impact public sector workers or those encouraged to be dependent on various benefits, and made our subsequent economic pain that much more brutal – the cost of which can be counted today in lost and stunted lives. This is what Labour “compassion” hath wrought.

So no, the Tories do not suggest that electing a Labour government would be akin to “handing the keys back to the driver who crashed the car.” For all their faults, Labour did not deliberately crash the vehicle. But they did set out on treacherously icy roads having previously cut the brake cables, and that is just as bad, however desperately Owen Jones tries to spin it.

 

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