Conservative Party (UK)

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April 10, 2026

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April 10, 2026

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"The pandemic, explained the Swedish Prime Minister Magdalena Andersson, was the definitive ‘end of the neoliberal era inaugurated by Thatcher and Reagan’. We don’t just hear that from Social Democrats these days. Now right-wing populists, journalists and economists also claim that ‘the Reagan/Thatcher era is over’. These two leaders are often used as symbols of the era of economic liberalization in the early 1980s, and I agree that it feels an awful lot like that era has come to an end. Donald Trump’s advisor Stephen Moore declared that the Republicans are no longer Reagan’s party but Trump’s, and that’s exactly how the party comes across in their recent agitation against free trade, immigration and tech companies, not to mention lies about election fraud. (Reagan once called the peaceful transfer of power the ‘magic’ of the free world.) Thatcher’s Tories have abandoned the European single market she was once instrumental in developing, and have simultaneously abandoned many other economic orthodoxies, toying with more active industrial policies and ‘Buy British’ slogans – a new attitude that Boris Johnson in an unguarded moment happened to summarize as ‘fuck business’. His short-lived successor, Liz Truss, who famously declared that large-scale imports of cheese were ‘a disgrace’, tried to invoke the Iron Lady, albeit through her boldness rather than her policies. Instead, Truss railed against the ‘consensus of the Treasury, of economists, with the Financial Times’ that budgets should be balanced and went on to doom her premiership with a massive, unfunded package of energy subsidies and tax cuts, which markets refused to finance."

- Conservative Party (UK)

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"I have heard it stated—and I confess with some surprise—as an article of Conservative opinion that paternal Government—that is to say, the use of the machinery of Government for the benefit of the people—is a thing in itself detestable and wicked. I am unable to subscribe to that doctrine, either politically or historically. I do not believe it to have been a doctrine of the Conservative party at any time. On the contrary, if you look back, even to the earlier years of the present century, you will find the opposite state of things; you will find the Conservative party struggling to confer benefits—perhaps ignorantly and unwisely, but still sincerely—through the instrumentality of the State, and resisted by a severe doctrinaire resistance from the professors of Liberal opinions. When I am told that it is an essential part of Conservative opinion to resist any such benevolent action on the part of the State, I should expect Bentham to turn in his grave; it was he who first taught the doctrine that the State should never interfere, and any one less like a Conservative than Bentham it would be impossible to conceive... The Conservative party has always leaned—perhaps unduly leaned—to the use of the State, as far as it can properly be used, for the improvement of the physical, moral, and intellectual condition of our people, and I hope that that mission the Conservative party will never renounce, or allow any extravagance on the other side to frighten them from their just assertion of what has always been its true and inherent principles."

- Conservative Party (UK)

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