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Thursday, 19th January 2012

How Cameron sees the economy

James Forsyth 1:52pm

Today’s speech by David Cameron is one of those ones that give you a real insight into how he sees the world. Cameron said that he wanted to see an ‘insurgent economy, where we support the new, the innovative and the bold’. He talked about the need to ‘encourage the adventurous spirits who challenge the status quo and declared that he admires ‘more than almost anything the bravery of those who turn their back on the security of a regular wage to follow their dreams and start a company’.

This reveals something important both about Cameron personally and how he sees the economy. The people that Cameron respects are not the CEOs of established companies but the entrepreneurs who are creating dynamic, new companies. These new businesses are also where Cameron thinks that we’ll find the growth that the economy so desperately needs. The question now is whether Cameron can deliver on his pledge to back enterprise and boost competition.

Filed under: Capitalism (6 more articles) , Conservatives (2313 more articles) , David Cameron (1912 more articles) , Economy (1023 more articles) , UK politics (5408 more articles)

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Publius

January 19th, 2012 2:12pm Report this comment

"He talked about..."

I'm afraid that's mostly what he does. Talk. Like all the other snake-oil merchants.

And meanwhile we remain mired in red tape, intrusive bureaucracy, high taxes, a body of ever-increasing regulation that no one can master, fantasy windmill energy policy, and ever higher costs.

Rhoda Klapp

January 19th, 2012 2:15pm Report this comment

I must admit that I was a little sceptical until I saw the video. Then the scales dropped from my eyes, and I saw that he doesn't get it, and he never will. At the risk of redundancy, this is ill-considered waffle. He could of course prove me wrong by doing something which will help any business at all which doesn't lobby him. Doing something other than making a wet speech.

strapworld

January 19th, 2012 3:12pm Report this comment

I am of the firm conviction that the author and his colleagues, with one notable exception PH, are all suffering from memory failure.

They greet every new speech by this PR man
without ever considering the many speeches he has made in the past and the promises contained within those speeches forgotten.

Cameron, incidentally, has never tried creating a dynamic new company himself and so, by his own standards,he is not bold.

So it is a case of YOU take the risk. IF I like it and find it sexy I will give you a personal appearance but nothing else.

So that is capitalism done, what next for the Great Man of Promises?

Pot Head

January 19th, 2012 3:25pm Report this comment

When Cameron bangs on about "excessive bonuses" just remember that Hedge Fund manager Paul Ruddock is the Tories biggest donor & Cameron just Knighted him

Keith

January 19th, 2012 3:29pm Report this comment

Publius - seconded. Making 'big' speeches that have nothing to do with reality was a tactic enthusiastically pursued by G. Brown as he sought to be all things to all men. If DC wanted to be bold he could be - by (for example) abolishing the law of unfair dismissal. He will not do that. He is not bold. He is not pro-enterprise. He has done nothing to distinguish him from his two predecessors.

mattghg

January 19th, 2012 3:43pm Report this comment

WTF is an 'insurgent economy'?

Tarka the Rotter

January 19th, 2012 3:50pm Report this comment

Mmmmmm he admires people who challenge the status quo, eh? Does that include those amongst us who despise the lack of democracy, accountability and transparency in government? Good - o.

Mike Beveridge

January 19th, 2012 3:55pm Report this comment

I think you are being a bit harsh. He is doing as much as he can, within the confines of the political situation. if he makes the progress on the economy, on welfare, on the EU, on the NHS that he is trying for then he will have done spectacularly well. Give him a chance.

Rhoda Klapp

January 19th, 2012 4:11pm Report this comment

While I'm not surprised that this has not caused the usual suspects around the coffeee house to change their tunes, cynical bunch that we are, I am bemused by the question of exactly who at was aimed at. What was the target audience for this particular tornado of spin?

Michelle Bonwicke-Jomes

January 19th, 2012 4:24pm Report this comment

I suppose we have been boxed in by the no aspiration, inspiration and no hope Labour party for 13 years!
Cameron speaks of moral capitalism, taking responsibility of your own life, less state interference, Miliband speaks of a responsible capitalism Those who employ, charge others etc...
Ed Miliband also says he requires actions from Cameron not words- Well that works both ways!
When is Mr Miliband and his party going to practice responsible capitalism it's main point being accountability, From bankers, gold plated-union bosses,local councils that rip people off to goverments that destroy economies, take peoples money and and take no responsibility for their wrong-doings!
Before Ed Miliband preach about changing capitalism for the better he needs to face up to his own economic and fiscal reponsibilities and be truthful about the cuts and he should also do something about the union bosses and try not to prevent progress.

George Shepherd

January 19th, 2012 4:44pm Report this comment

A load of guff and hot air from the great speech maker but it negates Red Ed's nonsense on the same theme so a strategic stalemate is a result of sorts

Peter From Maidstone

January 19th, 2012 4:54pm Report this comment

I started a small business. It seems that the Government is determined to do all it can to cause me as many problems as possible.

TomTom

January 19th, 2012 4:56pm Report this comment

This is so Blair...so Harold Wilson...so tedious. Britain is a country beset with Cartels and Price Fixing at every level and infused with a Bureaucratic Inertia that makes it a true Socialist Republic. Cameron is trying to divert attention away from Banker Bonus Bonanza which proves that entrepreneurs risk their houses for their businesses, while bankers make much more money out of those businesses and have a far safer economic guarantee of prosperity and success......a guarantee now underwritten by Cameron's Government

JohnPage

January 19th, 2012 5:06pm Report this comment

The BBC's take is that he wanted businesses to show social responsibility. James thinks he wants to "encourage" entrepreneurs. The best thing Cameron can do is not take new eyecatching initiatives to encourage them, but haul government out of their way. But that would require tough action in Whitehall, not Cameronian honeyed words. The BBC's take is that he wanted businesses to show social responsibility. James thinks he wants to "encourage" entrepreneurs. The best thing Cameron can do is not encourage them, but haul government out of their way. But that would require tough action in Whitehall, not Cameronian honeyed words.

strapworld

January 19th, 2012 5:16pm Report this comment

Mike Beverage. Wouldn't you agree it would be refreshing for Cameron, or any leader of the three parties represented in Westminster (ignoring the one issue greens and the colonial parties) who would actually tell the truth.

Accept that we are controlled by an unelected cabal in Brussels. That all decisions, such as the High Speed Train plan to run through the Cotswolds and every other scheme is dictated by Brussels.

I am afraid that the PR man we have in charge, with the EU appointed commissar cleggy watching him, is just a puppet.

If he really believed in the words he spoke today he would give the people an IN/OUT referendum on the EU and if, as I would hope, the answer is OUT. We could then truly get on looking after ourselves and return to being a vibrant country again.

All leaders in Westminster are continually lying to the people.

Halcyondaze

January 19th, 2012 5:23pm Report this comment

Do you think " the people" can see what a load of spun tosh this PR man spews out whenever he speaks with such faux sincerity? Or are they now too zombified to care? Take your vote and give it to UKIP - at least they might get us out of the disaster zone of the EU.

SmallBusiness

January 19th, 2012 5:29pm Report this comment

Publius you are spot on. I am one of those small business creators that Cameron seems to think will get the country out of this mess, but the government hasn't done a single tangible thing to reduce the stifling burden that they place on us. Until they do these are just words and I for one am unimpressed.

Jeff J

January 19th, 2012 5:39pm Report this comment

So this is why he's getting rid of 18000 soldiers, because he admires them so much he doesn't want them to miss out on the life enriching experience of becoming part of the new insurgent economy. To add to the fun, this economy is also awash with economic migrants that his government has failed to reduce in number. Gosh he must really admire those insurgents, I mean soldiers.

Cynic

January 19th, 2012 6:32pm Report this comment

An 'insurgent economy'? As far as I'm aware, insurgent means "rebellious or in revolt, as against a government in power or the civil authorities." Is Cameron hoping riots and civil war will restore the country's fortunes?

Cynic

January 19th, 2012 6:37pm Report this comment

If Cameron really wanted to help the economy he'd slash and burn the dead hand of government regulation and get the state out of our lives. Whatever happened to the bonfire of the quangos and the repeal of Labour's repressive legislation? Words, hot air and spin - just like the last lot. As for giving him more time - how much time does he need to at least make a start?

Heartless Curmudgeon

January 19th, 2012 7:45pm Report this comment

It really is distasteful to portray the H2B, - he, who were it not for the French midget would have sold out Britain AGAIN, - against the Union Flag.

AND WHY all this mealy-mouthed talk about 'jobs' and 'yoof' unemployment? Why dissemble?

Why not say, and repeat over and over, that many 'yoof' were tied into useless courses that gave them nothing, kept them off the streets, and fulfilled a cynical statistic dreamt up by the Great Economic Pretender and his side-kicks?

Why not go further? Say that many people, - especially senior, - were in non-jobs in the civil service, NHS, Local Government, Education, QUANGOs and all the other useless artefacts of the despised regime.

Come on H2B! Why not give us the unembellished truth?

daniel maris

January 19th, 2012 9:07pm Report this comment

Words for the birds.

Let's hear some practical, simple and effective proposals for spreading share ownership, creating new and sustainable jobs and reforming welfare.

All we get is verbiage and bureaucracy.

Nicholas

January 19th, 2012 9:54pm Report this comment

Publius and Cynic make good points about the business-stifling red tape.

Colin Cumner

January 19th, 2012 10:22pm Report this comment

Admirable sentiments, Mr. Cameron, but they are hardly knew. Successive Prime Ministers from Harold Wilson onwards have espoused similar views but few did anything beyond the speech-making. Margaret Thatcher was perhaps the exception in that she did try to cut the red-tape strangling small businesses and constantly exhorted the worth of individual effort. However, even she was no Einstein when it came to the economy. Just let the State take care of defence, education, social welfare, etc. but leave business to those who have the get up and go to make a success of something without hampering them with excessive government regulation. That would be a good start.

niav

January 19th, 2012 11:35pm Report this comment

Talk is so cheap.

Others mentioned that Cameron himself never started a business. Few politicians have.

As to Cameron's support for business - this is the guy whose administration increased payroll taxes (making employment more expensive). They increased income taxes for middle class people. They increased energy costs, with their misguided pursuit of uber-expensive "renewables".

Overall they increased, in real terms, the amount of public spending, with borrowed money and suffocating taxation.

Finally, as entrepreneurs are the key here, this administration increased capital gains taxes to a crazy 28%, which hits the most those who create new successful businesses, when they sell shares. Consider the equivalent in Switzerland is 0%.

Who'd believe him?

TGF Euros

January 20th, 2012 9:38am Report this comment

Dream on. This is the country where you have to pay 4000k to file your accounts even as a start up, where you will be fined at every turn for the slightest admin error or late filing, where bank credit to small businesses is collapsing at a rate of 10% per annum and government is well over half the total economy. USSK one of worst countries in developed world to try and start a business now.

Rocketdog

January 20th, 2012 10:07am Report this comment

Problem that there are not enough voters which are small businesses to make him REALLY take an interest, and too many of us fail to make it BIG enough to be party donors

Speaking as a small business that earns a crust trying to help big business get itself out of the proverbial - it isn't all Cameron's fault. There is a cronyism between the EU and big business that cocks a snook at innovation and efficiency. It is all about scale, control of resources and last man standing. A lot of lip service payed to the former, but everything that is encouraged at the moment is politically motivated and designed to cash out a bureaucrat or a banker

Tim Jones

January 20th, 2012 1:09pm Report this comment

James,

Are you living on a different planet to those of us in business? Why on earth would an entrepreneur (whom I wholey love and have no problem with them earning what they can out of their company) start up a new business in the present (and likely future) economic environment?

Puzzeled

Mr. Green

January 20th, 2012 2:08pm Report this comment

So that will mean the LTD company destroying IR35 legislation introduced by Bruin will be binned then?
No...thought not

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