The new politics of decline

Trevor Kavanagh says that Britain’s pitiful standing on the world stage is not just about al-Megrahi or the recession, but is the result of Labour’s disastrous mismanagement. Everything now depends on Cameron

For the incurable optimist — of which there are no doubt several in the Downing Street bunker — there are signs that Britain is starting to recover. The stock market is booming once more, confidence is returning to the housing market and the recession may soon be over. Is it possible Gordon Brown really has saved the world — even if it is too late to save himself? Or, as Labour used to warble, might things only get better?

If only. The bleak truth for UK plc is that after 12 years of stupefying Labour incompetence, the worst is yet to come. Britain is once again on the slide towards the margins of economic influence and military clout. We have the worst public finances of any comparable western economy.