Richard Hayton
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The political economy of twenty-first-century conservatism
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This chapter examines the political economy of twenty-first century conservatism. In 2008, the credit crunch and subsequent recession returned economic policy to the forefront of political debate in Britain. Formulating an effective and convincing response to these difficulties posed a significant challenge for all political parties. This chapter argues that the Conservative response was neo-liberal in nature, reflecting the underlying dominance of Thatcherite thinking in the party on the economy, even though it had been downplayed in the early years of New Labour. This is of vital importance as it would shape the austerity agenda of the Coalition government elected in 2010.

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Reconstructing conservatism?

The Conservative Party in opposition, 1997–2010


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