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Leading article

Brown’s magic is a trick

Wednesday, 15th August 2007

As he contemplates the surf on his Breton holiday beach this weekend, David Cameron has an opportunity to reflect on how swiftly the tides of politics can change.

As he contemplates the surf on his Breton holiday beach this weekend, David Cameron has an opportunity to reflect on how swiftly the tides of politics can change. Just three months ago the Conservative leader enjoyed record gains in the local elections, winning more than 800 seats in a nationwide test of public opinion and recording general-election-winning levels of support. That result was the culmination of an 18-month period during which Mr Cameron had changed his party, modernised its policies and maintained a solid opinion-poll lead over Labour, an achievement which had eluded the Tories for more than 13 years.

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A child of our time

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.

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The Spectator's Notes

Charles Moore

‘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.