The Telegraph, August 14 2022, Sir Iain Duncan Smith MP
In the midst of the Conservative leadership debates, with clear dividing lines on the economy dominating, the ghost at the feast turned up – Gordon Brown.
When our former prime minister pontificated on the cost of living and the need for greater levels of support, the price cap and nationalisation, you could sense a smile of relief on the face of the establishment. This is because Liz Truss has rattled their complacency and demanded a changed approach to the orthodox policies which now risk stagflation.
The establishment’s smirk is there because as you look at their desired response to the spiralling cost of living – higher interest rates and higher taxation – you rapidly conclude that Brown actually never went away.
His orthodoxy is still that of the establishment, particularly the Treasury and the Bank of England.
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