The idea of short-termism being a disease that especially afflicts the British economy is a recurring theme. We are regularly told that UK investors are too often looking for a quick buck unlike in, for example, Germany where they take a longer-term strategic view. Less attention is paid to the idea that this condition has wormed its way into other parts of our national life, specifically politics. People who should know better – practitioners and commentators alike – have decided that l’affaire Cummings has changed significantly the basic political facts of life. They’re wrong, at least in the long term.
Tim Montgomerie believes this row means that Keir Starmer has the Conservatives exactly where he wants them – damned as the party of the rich and the privileged. ‘Senior backbencher’ Simon Hoare (are there any junior ones?) pronounces on the Today programme that it has led to support for the Government fading away.
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