Tory Bailout Troubles, and a bit of Site News
The Scribo team (or, rather, I on behalf of the Scribo team) apologise for the lack of posting recently. Doug and James headed to University on Saturday, and I went up on Sunday. Freshers’ week and general business have pushed blogging slightly off the agenda, but not off the radar. Once the lectures and work begin, diversions will doubtless become highly desirable and blogging will return. Until such a time, allow me to spend a brief moment considering the quandary George Osborne finds himself in.
George Osborne is a conservative and he believes in small government and low spending and economic freedom. But he is a politician and he wants to win an election in just over a year’s time. To attempt to seek a public mandate on the back of tax cuts is always a brave move, especially when the electorate is as skeptical as we are today, but to attempt to cut tax while the economy is tanking is folly.
Like it or not, when the economy begins to crumble the electorate wants to see leadership and good government. This, in the eyes of skeptical voters, is not adequately achieved by tax cuts and slashes to regulation of any and every sort. Like it or not, the Tories have been forced into a corner of accepting an escape-route to the crisis that fully contradicts their fundamental beliefs. But there is nothing else for it. Should they oppose the government line, they would be vilified by every other party in the Commons. And they would also be contradicting the public perception of leadership in a crisis, looking instead like they would allow the economic situation to deteriorate. Osborne may be a conservative, but he wants to win an election. This aim trumps all else in such a fractured time. He is on uncomfortable ground but his position is fully understandable.