Tories Change Their Tune in This Scary New World ; David Cameron Will Today Begin to Unveil His Plan for Government - but the Banking Crisis has Set Unpredictable New Tests for Him

Summary


ONE moment pointed to the Conservatives' dilemma as, like the rest of us, they confront an altered world of bank nationalisations, rocky bail-out schemes and warnings of economic doom to follow.

I was sitting behind some Jermyn Street-suited guests as George Osborne gave his funereally downbeat assessment of empty coffers (before the markets crash made them even emptier).

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Tories Change Their Tune in This Scary New World ; David Cameron Will Today Begin to Unveil His Plan for Government - but the Banking Crisis has Set Unpredictable New Tests for Him

As Mr Osborne delivered one short but sharp attack on bankers for undeserved bonuses, a pinstriped figure in front of me stalked off muttering disapproval. It wasn't what he expected from the party of wealth creators.

Here we are at the party conference where, until this year, a favoured jibe against the Left w...

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