Time is running out for managed decline
Damian Pudner has a useful CAPX piece on why so many people from Tony Blair upwards knows why the UK political status quo is running aground.
Time is running out for the political status quo
Even Tony Blair – the man who built managerial Britain – recognises the state has grown too large
For 30 years, the state has expanded on the misguided assumption that someone else would always pay
We are stuck in a slow, painful managed decline
This week I was fortunate enough to sit down with the Rt Hon Liz Truss. We discussed the usual things you expect. The state of the UK economy, the Bank of England, the Civil Service, and to quote Truss, how ‘Power was taken from the elected and given to progressive bureaucrats and judges’. I must admit I found our conversation refreshing.
So let me be just as direct. British politics has reached a point where the old arguments no longer work and the old settlement is visibly falling apart.
For 30 years, the British state has expanded on the misguided assumption that someone else would always pay. Taxpayers. Bond markets. The next generation. That growth was always just around the corner. That all we needed was more spending, more regulation, more quangos, more debt, more promises. And that the productive part of the economy – the private sector – would simply absorb it, that bond markets would keep lending to us, that the public would keep accepting the situation.
Well, they won’t. And deep down, everyone in Westminster knows it.
Time is running out for the political status quo. And the public, I suspect, is far ahead of Westminster on this.
Source: https://akhaart.blogspot.com/2026/06/time-is-running-out-for-managed-decline.html
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