Fraser Nelson sets an agenda for David Cameron

February 10, 2010

BRITAIN-EXPENSES/Some political observers fret over the paucity of policy initiatives emerging from Britain’s two main political parties ahead of a general election expected on May 6, as pre-election rhetoric turns its focus toward the possibility of a hung parliament.

Such a scenario raises fears of further economic instability if financial markets react badly to the uncertainty the result might bring to the political arena.

But Fraser Nelson, editor of the right-leaning Spectator magazine, promotes Conservative leader David Cameron as a candidate with strong ideas who is misunderstood by people who think that all he has done is made concessions to the Labour platform.

“If you look at the policies he’s introduced, you don’t really see that much blood-and-guts conservatism,” Nelson said in an interview with Reuters after a talk in London titled “Winning is Not Enough” hosted by the Centre for Policy Studies, arguing that Cameron has the potential to shake things up if he becomes prime minister.

“Gordon Brown intends to be in Downing Street either in body or spirit from 1997 until at least 2020,” Nelson said, outlining some of the challenges Cameron must overcome even if he wins the election. “From global warming targets to the Equality Bill, Mr Brown is passing legislation intended to tie the hands of the Tory government.”

Nelson is calling on the Conservatives to revert to a system of “trickle-down economics”, whereby the wealthiest sector of society receives tax cuts in the belief that their money will be invested in such a way as to encourage a redistribution of wealth through increased economic activity.

The theory was popularised by former U.S. President Ronald Reagan in the 1980s as “supply-side economics“.

Watch a video clip of Nelson here:

Jeremy Briar, the Conservative parliamentary candidate for Luton North,  spoke about spending cuts during a post-lecture question-and-answer session. He summed up his points with Reuters afterwards. Watch the clip here:

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