……..This is a thoughtful and worrying read from the FT. Check it out!
The lengthy article concludes that it’s time for the British establishment to move aside, with society increasingly removed from politics. There are some wonderful lines, like ‘Labour and the Conservatives’ chasing voters to the left and right’ respectively. The article ranges back eight-hundred years to the Magna Carta and forward to the UK enfeebled foreign policy under David Cameron – cuts to the UK defense budget render the UK’s special relationship with the US ineffective.
One get the impression that the Conservatives are the party of the South of England and Labour is the Party of the North, with the SNP increasingly ruling Scotland. There are references to the Conservative Party manifesto being drafted by former Etonians, like David Cameron.
I particularly like the statistics on how UK people’s trust in banks has disappeared – in thirty years, it has moved from a vast majority trusting to vast minority distrusting. With interest rates about to go up, finance still not available for small businesses and high levels of public and private debt, this is all deeply worrying.
There seems to be a realization that two party politics in the UK is now finished and the UK must look towards European style coalitions.
Another theme is the divided society, between the rich and privileged and ordinary people. Then there’s the divide between North and South.
It looks like the UK electorate will once again not chose the next government – without an overall majority, it will be another coalition, with policies removed from democratic selection. Of course, we might see a minority government, which would form different grubby coalitions on every vote.