Wed. Oct 21st, 2020

How could it be that the Tories have turned their back on the best of British industry? | Will Hutton

If Jeremy Corbyn’s party were not so averse to capitalism, this would be a great opportunity for Labour

For the past 40 years, the Conservative party has always championed an economic theory. Whether 1980s monetarism or 2010s austerity economics, I thought them bunk. But while Nigel Lawson or George Osborne were clearly wrong, at least there was an intellectual underpinning for their actions, an underpinning you could shoot at.

You also knew that, one way or another, Tory policy was aiming to serve the mainstream business interest. British business represented by the CBI or the various trade association lobbies, notably the Corporation of the City of London, had privileged access and policy reflected their preoccupations. Business might sometimes complain, but in the round it knew it was heard.

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