A post-election reckoning for British politics | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
May 12, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, MAY 12, 2025
A post-election reckoning for British politics

Thoughts

Robert Skidelsky
21 December, 2019, 01:05 pm
Last modified: 21 December, 2019, 01:24 pm

Related News

  • Sunak nears first anniversary as UK PM with little to celebrate
  • Shortest-serving chancellors in Britain since 1945
  • Rishi Sunak's new team has old faces as he aims to restore trust, many leave
  • Britain's government wins confidence vote it called in itself
  • Increasingly bitter race to replace UK PM Johnson narrows to four

A post-election reckoning for British politics

Leaving the European Union on January 31, 2020, will be UK Prime Minister Boris Johnson’s repayment of the debt he owes to the many Labour supporters who "lent" his Conservatives their votes. But "getting Brexit done" won't be enough for the Tories to hold on to their parliamentary seats

Robert Skidelsky
21 December, 2019, 01:05 pm
Last modified: 21 December, 2019, 01:24 pm
Labour, for its part, needs to recognise that most of its voters are culturally conservative, which became clear with respect to Brexit. Photo: Reuters
Labour, for its part, needs to recognise that most of its voters are culturally conservative, which became clear with respect to Brexit. Photo: Reuters

Speaking outside No 10 Downing Street following his emphatic election victory, British Prime Minister Boris Johnson thanked long-time Labour supporters for having "lent" his Conservative Party their votes. It was a curious phrase, whose meaning depended entirely on context. The Tories had breached Labour's strongholds in the Midlands and North East England on the promise of "getting Brexit done." Leaving the European Union, as Britain will on January 31, 2020, will be Johnson's repayment of the debt he owes these voters.

But "getting Brexit done" won't be enough for the Tories to hold on to their parliamentary seats, as Johnson recognized. The Conservatives, he said, will need to turn themselves once again into a "one nation" party. For its part, if Labour is to regain its heartlands, it will need to find a way of reconnecting with its alienated supporters.

What this double reconfiguration entails is reasonably clear. The Conservatives will need to break with Thatcherite economics, and Labour will need to loosen its embrace of minorities and minority culture. Both will need to move back to a middle ground. The libertarian dream of a free market in both economics and morals does not resonate with an economically interventionist but socially conservative electorate.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Brexit was a reaction to economic betrayal, the British version of a European-wide revolt by what French President Emmanuel Macron called the "left-behinds." This label is precisely right as a description, but overwhelmingly wrong as a prescription, for it suggests that the future is technologically determined, and that people simply will have to adapt to it. The state's duty, according to this view, is to enable the left-behinds to board the cost-cutting, labor-shedding bullet express, whereas what most people want is a reasonably secure job that pays a decent wage and gives them a sense of worth.

No one would deny that governments have a vital role to play in providing people with the employment skills they need. But it is also governments' task to manage the trade-off between security and efficiency so that no sizeable fraction of the population is left involuntarily unemployed.

Guaranteed full employment was the key point of consensus of the Keynesian economics of the 1950s and 1960s, embraced by right and left, with the political battle centered on questions of wealth and income distribution. This is the kind of dynamic center the Conservatives should try to regain.

Any Toryism that seeks to be genuinely "one nation" must acknowledge that the fiscal austerity that the Conservatives imposed on the country from 2010 to 2017 caused great and unnecessary harm to millions of people. The Tories must show that they understand why austerity was wrong in those circumstances, and that the purpose of the budget is not to balance the government's accounts, but to balance the economy at full employment. Deficits and surpluses reflect the state of the economy. This means that no effort should be made to cut the deficit when the economy is shrinking or to expand it when the economy is growing, because that produces deflation in the downswing and inflation in the upswing – exactly the opposite of what is needed. George Osborne's greatest contribution to Toryism now would be to explain where and how, as chancellor of the exchequer, he went wrong between 2010 and 2016.

A party pledged to govern from the center should implement policies to stabilize the labor market. These should include a permanent public investment program aimed at rebalancing the United Kingdom's regions and "greening" its infrastructure, together with a buffer of guaranteed public-sector jobs that inflates and deflates automatically with economic downturns and upturns. The beauty of the second lies precisely in its automaticity, guarding it against the charge of being at the mercy of vote-hungry politicians.

Together, these policies would limit business fluctuations, rebalance the economy geographically, and lay the ecological foundations for future growth. What they imply is a deceleration of the rush to automate and globalize, regardless of social cost.

Labour, for its part, needs to recognize that most of its voters are culturally conservative, which became clear with respect to Brexit. The election result disclosed a culture gap between Remainers and Leavers, which for a subset of London and university-campus-based Remainers amounted to a culture war between a politically correct professional class and a swath of the population routinely dubbed stupid, backward, and undereducated, or, more generously, misinformed. One symptom of this gap was the common media depiction of Johnson as a "serial liar," as though it was his mendacity that obscured from befuddled voters the truth of their situation.

Political correctness ramifies through contemporary culture. I first became aware of a cultural offensive against traditional values in the 1970s, when school history textbooks started to teach that Britain's achievements were built on the exploitation of colonial peoples, and that people should learn to feel suitably apologetic for the behavior of their forbears. Granted that much history is myth-making, no community can live without a stock of myths in which it can take pride. And "normal" people don't want to be continuously told that their beliefs, habits, and prejudices are obsolete.

In the continuous evolution of cultural norms, therefore, a new balance needs to be struck between the urge to overthrow prejudice and the need to preserve social cohesion. Moreover, whereas the phrase "left behind" may reasonably describe the situation of the economically precarious, it is quite wrong as a cultural description. There are too many cultural left-behinds, and their cultural "re-skilling" will take much longer than any economic re-skilling. But such re-skilling is not the right prescription. Metropolitan elites have no right to force their norms on the rest of the country. Labour will need to remember that "normal" people want a TransPennine railway much more than a transgender future.

In short, just as the right went wrong in forcing economic individualism down people's throats, so the left has gone wrong in its contempt for majority culture. In the UK, the price for elite incapacity in both areas has been Brexit; in Europe and the United States generally, it has been the growth of populism.

Economic and cultural utopians alike are destroyers: they want to tear down what has been built in order to create something more perfect. The dream of perfection is the death of statesmanship. Politicians who aspire to govern on behalf of the whole community should aim for the best possible result, not the best result possible.

Robert Skidelsky, a member of the British House of Lords, is Professor Emeritus of Political Economy at Warwick University.

British Politics

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Awami League now officialy banned
  • Representational image. The image shows atrocities committed by the police during the July movement.
    Police will no longer carry lethal weapons: Home adviser
  • Representational Image. Photo: Collected
    Govt to run more oil-fired power plants to ease load shedding: Energy adviser 

MOST VIEWED

  • Chief Adviser Muhammad Yunus holds a high-level meeting on the country's capital market at the State Guest House Jamuna in Dhaka on 11 May 2025. Photo: PID
    Chief adviser orders listing of SOEs, govt-linked MNCs to revitalise stock market
  • Bangladesh Bank. File Photo: Collected
    Govt can now temporarily take over any bank, NBFI
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    18 engineers of Rooppur Nuclear Power Plant dismissed following week-long unrest
  • Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
    Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
  • Solar power project in Chattogram. Photo: TBS
    Govt's 5,238MW grid-tied solar push faces tepid response from investors
  • Photo shows the high-level meeting with the LDC Graduation Committee held at the State Guest House Jamuna on Sunday, 11 May 2025. Photo: CA Press Wing
    CA Yunus urges swift, coordinated action for LDC graduation

Related News

  • Sunak nears first anniversary as UK PM with little to celebrate
  • Shortest-serving chancellors in Britain since 1945
  • Rishi Sunak's new team has old faces as he aims to restore trust, many leave
  • Britain's government wins confidence vote it called in itself
  • Increasingly bitter race to replace UK PM Johnson narrows to four

Features

Photo: Courtesy

No drill, no fuss: Srijani’s Smart Fit Lampshades for any space

1d | Brands
Photo: Collected

Bathroom glow-up: 5 easy ways to upgrade your washroom aesthetic

1d | Brands
The design language of the fourth generation Velfire is more mature than the rather angular, maximalist approach of the last generation. PHOTO: Arfin Kazi

2025 Toyota Vellfire: The Japanese land yacht

1d | Wheels
Kadambari Exclusive by Razbi’s summer shari collection features fabrics like Handloomed Cotton, Andi Cotton, Adi Cotton, Muslin and Pure Silk.

Cooling threads, cultural roots: Sharis for a softer summer

2d | Mode

More Videos from TBS

Public Rights Council wants 14 parties, including Jatiya Party, banned

Public Rights Council wants 14 parties, including Jatiya Party, banned

2h | TBS Today
Why are small depositors the main target of Dhaka Bank?

Why are small depositors the main target of Dhaka Bank?

3h | TBS Programs
Trump presses Zelensky to negotiate with Putin

Trump presses Zelensky to negotiate with Putin

5h | TBS World
How Trump's love of maps has shaken up geopolitics

How Trump's love of maps has shaken up geopolitics

18h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net