James Forsyth James Forsyth

Cameron appeals for patience and signals that taxes will have to rise

David Cameron’s speech to Spring conference was summed up by the line, ‘In time we will set out the hard choices’. With 14 months to go until the election, the clock is ticking on this pledge.

The speech did contain two important points. First, Cameron talked about what government should do when it was asking people to ‘put up with tax rises and spending cuts.’ He also, unusually, cited his own experience at the Treasury, saying that he had hated putting up taxes but it had been the right thing to do. The implicit message was that there will be tax rises under a Tory government. Second, Cameron is already appealing for patience. He stressed that the benefits of paying down the debt might not be apparent within the lifetime of a Tory government but that children and grandchildren would thank them for doing the right thing for the country.

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