As James said, Osborne’s speech was a potent blend of economics and politics. One passage in particular stood out
politically: when Osborne referred to those who booed when Ed Miliband mentioned Tony Blair during his speech. He said:
‘You know, there was a time when Labour seemed briefly to realise that to win elections it had to accommodate itself to the real world, stop being anti-business, make peace with middle Britain. Not now. It’s over. Once they cheered Tony Blair, now they boo him. I fought three elections against Tony Blair, and I know the damage he did to our country. But it wasn’t just him they were booing last week. They were booing the millions of voters who once turned to Labour because they thought Labour had changed. They were booing the business people who thought Labour wanted to work with them. They were booing all those people who thought Labour had finally woken up to the modern world.

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