The Tories returned to the fray on the economy with David Cameron’s speech in the City this morning. There is much to criticise Gordon Brown for in terms of his economic management but Brown has done a brilliant job in the last couple of weeks in setting out a narrative that because he can’t be blamed for everything that has gone wrong with the financial system, he shouldn’t be blamed for anything. One respect in which Brown is Churchillian is in his view that history will be kind to you if you write it.
The Tories need to puncture this bubble with a set of clear and lucid arguments that don’t overreach. Cameron’s criticisms today of how much debt Brown had got Britain into, the unbalanced nature of the British economy and the government’s ineffective approach to regulation are the beginnings of a coherent case against the Prime Minister’s economic management.
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