It was once enough for the Conservative party to be seen as ‘cruel but competent’
It was once enough for the Conservative party to be seen, in Maurice Saatchi’s phrase, as ‘cruel but competent’. Lord Saatchi was among the first to warn, however, that this formula has had its day. Black Wednesday robbed the Tories of their reputation for competence, while Gordon Brown’s decision to make the Bank of England independent showed that Labour had every intention of stealing that mantle.
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