David Cameron’s article (Red lights are flashing on the world economy, 17 November) starts: “Six years on from the financial crash that brought the world to its knees … ” I don’t normally welcome people of Cameron’s persuasion writing for the Guardian but, if it has finally persuaded him that the Labour government wasn’t to blame for the crash, perhaps readers can look forward to articles indicating Damascene conversions from George Osborne, Danny Alexander et al, who rarely miss an opportunity to prattle on about the “mess that Labour left us”.
• So David Cameron is warning about the world economy. One hopes he and Osborne will not use this as an excuse for insufficient progress on paying down the deficit despite all the suffering their austerity measures have caused. Just as the Brown government faced financial meltdown, Cameron’s government may now face events beyond its control: they expected Labour to apologise for events not of its making so I am hopeful the Conservatives will be apologising for continued problems. I’m also hoping that they may learn from Labour that one does not just talk about being all in this together, but actually takes action to reduce inequality.
A prime minister who once talked about sunshine is now at pains to point to storm clouds. The bad news from Europe is real enough, but it only underlines the folly of austerity
In 2010, with the Euro-crisis deepening, stagnation entrenched and unemployment still to peak, David Cameron boasted that Britain was “out of the danger zone”. Four years on, with unemployment tumbling, growth resurgent and wages finally picking up, prime minister Pangloss has made way for prime minister Jeremiah. The “red warning lights” on the dashboard are, Mr Cameron wrote in Monday’s Guardian, flashing again.
Six months before he faces the country, Mr Cameron is no disinterested voice. A leader who once vowed to “let sunshine win the day” has very particular reasons for now pointing to dark clouds. The economy, on which the Conservatives are more trusted than Labour, has been losing salience in the polls, while a troubled health service, on which the opposition enjoys the advantage, edges towards centre-stage. In these circumstances, bad news suits the Tories better than no news on the economic front. They have also learned the obvious lessons of 2007-08, when Gordon Brown’s initial reluctance to concede things were as bad as they turned out proved a tactical mistake.
Monthly drops slow, triggering hopes market may be near bottom
Australia and India pledge to push for a major free trade deal, as India’s PM Narendra Modi makes a historic speech to parliament in Canberra.