There is just one consolation for Sir Menzies Campbell as he prepares for his second and probably last conference as Liberal Democrat leader: they will not come after him in Brighton.
There is just one consolation for Sir Menzies Campbell as he prepares for his second and probably last conference as Liberal Democrat leader: they will not come after him in Brighton. It is too late, now, to knife the leader. Gordon Brown could call an election at any moment, and there is no time for regicide. Sir Menzies has been saved by the sheer desperation of his predicament.
So much fun has been had blaming David Cameron for Labour’s lead in the opinion polls that few have looked closely at where Mr Brown’s new voters are really coming from. The Conservatives have, in fact, held on to their voters reasonably well. The Lib Dems, by contrast, have suffered an exodus. For years, the Lib Dem party has been used as a left-wing sanctuary for voters who could not stomach Tony Blair. Now he has gone, they are returning to the Labour fold.
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From the economic and psychological bedlam of the global downturn has emerged a particularly dangerous false dichotomy: namely, that there is somehow a choice for ministers over the next few years between economic reconstruction and the repair of Britain’s broken society, and that the government (whether Labour or Conservative) must prioritise the former at the expense of the latter.
The daughter and I spent the last few days before the American election in Arizona.
Fraser Nelson reviews the week in politics
‘A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’ So said Ben Bernanke, now the chairman of the Fed, in a speech about how to ward off the ‘extremely small’ chance of deflation, which he delivered in 2002.
Tamzin Lightwater's unique take on the week
Fraser Nelson reviews the week in politics
Fraser Nelson reviews the week in politics
Fraser Nelson reviews the week in politics
The Spectator on Gordon Brown's conference speech in Manchester
Fraser Nelson reviews the week in politics
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