Fraser Nelson Fraser Nelson

Brown has played into the hands of the Tory Bullingdon Boys he loathes

Fraser Nelson says that the Pre-Budget Report killed off New Labour without landing a punch on the Tories. It has paved the way for a new Conservatism, in which Cameron woos aspirational voters, focuses on government debt and looks for responsible spending cuts

issue 29 November 2008

Conservative backbenchers were in  good voice on Monday, and by prearrangement. The whips had sent around the message that there was to be raucous heckling as Alistair Darling read out what used to be called the Autumn Statement. Duly, there were roars of indignation at the Chancellor’s claims that Britain was best-prepared for a downturn, howls of protest as he claimed to have reduced debt. But then this yielded to unexpected quiet as it slowly became clear that Mr Darling’s giveaways included something the Tories would never have dared dream of: the surrender of everything New Labour once stood for.

David Cameron had been at George Osborne’s house the day before, nervously preparing for the surprise tax cut which they suspected was in store. The pre-briefed VAT cut to 15 per cent, they believed, was a softener. They also supposed, wrongly, that Mr Darling would honour the basic New Labour principle of spelling out how he would repay the borrowing.

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