The Tories have run out of momentum, ideas and even arguments

Mike critiques Fraser Nelson’s attempt to criticise Ed Milliband in the Spectator, pointing out that Nelson’s comments on Millliband only show how completely lacking in any kind of ideas the Tories are. And the policies, which Nelson attacks actually have very good reasons behind them. Take, for example, the British Investment Bank Nelson derides as a throw-back to Neil Kinnock. It probably is a return to Kinnock’s policies, but that doesn’t mean it isn’t any good. Far from it. As the authors of ‘Socialist Enterprise’ explain, an investment bank for Britain is absolutely necessary because British financial institutions are geared to investing overseas, and have been since the days of the Empire. Presumably that’s why the government has been so keen to get foreign investors to buy up bits of British industry – there’s an entrenched prejudice or blind spot amongst British financial institutions in investing in Blighty. Instead of tackling this problem, however, Nelson merely tries to scare his readers with the old spectre of government interference. Which shows you just how uninterested the Tories really are about the real structural problems of British capitalism and service provision. Rather than try to correct these problems, the Tories are far more worried about the government preventing them from making a buck through economic mismanagement.

Mike Sivier's blog

Old Labour: Oversaw the longest periods of economic growth in British history and DIDN'T cause the biggest crash (that was neoliberalism, beloved of Conservatives). There is nothing wrong with it. Old Labour: Oversaw the longest periods of economic growth in British history and DIDN’T cause the biggest crash (that was neoliberalism, beloved of Conservatives). There is nothing wrong with it.

Dear old Fraser Nelson has been trying to generate some momentum against Ed Miliband’s plans for a Labour government.

But, bless ‘im, not only did he hit the nail on the head when he wrote (in The Spectator), “Tories seem to have lost interest in ideas”, he might just as well have been talking about the Tory press because – other than the parts in which he praises Miliband for his political acumen and perception, Fraser has nothing new to say at all.

“Why, if he is such a joke, has Labour led in the opinion polls for three years solidly? And why has he been the bookmakers’ favourite to win the next general election for even longer?” These…

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