Janan Ganesh wonders in the Financial Times if, rather than economic pain, relatively good times led to victories for Brexit and Donald Trump.
The median Briton, he points out, has no recollection of national crisis: no devaluation, no three-day workweek, no conscript war, none of the floor-to-ceiling greyness of the postwar years, when austerity entailed the rationing of basics and not just tight public-sector pay settlements.
The worst ordeals were an invasion of Iraq conducted by an all-volunteer army and a crash in which unemployment peaked at 8 percent.
To remain vigilant after such a benign experience of history is too much to ask, argues Ganesh. Read more
Conservatives Need to Make Capitalism Work for Everyone: Davidson
It is not inequality that bothers Brits, argues Ruth Davidson, the Scottish Conservative Party leader, in the new online magazine UnHerd. It’s injustice.
People expect that the CEO of a corporation will be the highest paid person on the payroll. What they don’t accept is that FTSE 100 bosses are paid 174 times the average worker’s wage in this decade — compared to 13 to 44 times in 1980.
Especially when many of their companies have received either big fraud-related fines or bailouts from the state.
The distinction matters, because it goes to a broader point. Read more
Once the Party of Stability, Conservatives Now Provoke Unrest
Kate Maltby argues in The Guardian that Britain’s Conservative Party has lost its way.
For centuries, Conservatives warned against the dangers of too much change too quickly, she points out. They argued revolutions leave children starving and adults bleeding. That stability leads to prosperity. That inequality is a price worth paying for economic growth.
Don’t rock the boat, don’t scare the banks and the middle classes get their quiet life.
Remember the “long-term economic plan”? It was only two years ago that David Cameron couldn’t stop talking about.
Then his party brought Brexit on the United Kingdom. Read more
Philip Hammond, the number two in Britain’s ruling Conservative Party, has urged ministers who disagree with his views on Brexit to stop leaking against him.
“It would be helpful if my colleagues — all of us — focused on the job in hand,” he told the BBC on Sunday.
Earlier in the day, The Sunday Times had cited as many as five ministers in a story that showed Hammond in a bad light.
The chancellor, who is responsible for economic and fiscal policy, reportedly called public-sector workers “overpaid” during a cabinet meeting. He clarified to the BBC he was referring to civil servants’ generous taxpayer-funded pensions. Read more
One Year After Referendum, Brexit Questions Remain Unanswered
What’s going to happen to Britain’s £700 billion trade with the EU?
How many planes will be allowed to fly across the Channel once Britain exits Europe’s open-skies regime?
How long is it going to take to assess and renegotiate 759 international treaties Britain is currently part of as a member of the EU?
What will happen to the European Health Insurance Card and the 27 million Brits who have one?
The deadline for a Brexit deal is March 2019, but some of these questions need to be answered sooner. Businesses want to make plans. Airlines, health insurers, hospitals, logistics companies and merchants can’t wait and hope for the best. Read more
British Conservatives Split Into Three After Election Defeat
Brexit, last month’s lousy election result and Theresa May’s deal with the Democratic Unionist Party of Northern Ireland to stay in power have divided Britain’s Conservatives into three camps, writes Matthew d’Ancona in The Guardian:
Ideologues: Worshippers of Milton Friedman, Friedrich Hayek and Ayn Rand who believe the Thatcherite revolution is unfinished. “Like all millenarian cults, they take for granted the manifest truth of their arguments and were offended by the supposed left-wing content of May’s manifesto.”
Explainers: They blame the party’s disappointing election result not on principles or priorities but on communication and strategy. They are right to an extent, according to d’Ancona: “distracted by Brexit and corrupted by a sense of entitlement, the Tories must recover the art of communication and elucidation.”
Adapters: Modernizers who do believe the party needs to change its policies. “They understand that the world is changing at an unprecedented pace and that the old solutions are running out of road. In a century of automation, globalization, new forms of inequality and shifting assumptions about the role of the state, it isn’t enough for Conservatives to sound like a retro 80s show.” Read more
Conservatives Have Neglected Their Responsibility to the Union