Cameron’s comments are a clarification, not a u-turn. As Jim Pickard notes, Tory policy has to respond to last week’s withered growth figures. Whilst still recognising that cuts have to be made now to avert a fiscal crisis, a distinction that the government fails to recognise publicly for political purposes, their extent depends on the strength of recovery, a point emphasised by Ken Clarke last week. The position is relatively nuanced, caricaturing it as ‘confused’ or ‘dogmatic’ is fatuous. However, once again, the Tories have failed to communicate a complicated economic point as effectively as they might.