“..The true moderniser of the Conservative Party turns out to be a 79-year-old.
Agree or disagree with Michael Heseltine’s weighty report on economic growth – there can be no dispute that that it challenges the laissez-faire orthodoxy of the past three decades -
- an orthodoxy that still holds the Tory leadership in its thrall.
Not that Heseltine’s proposals are surprising.
His report is almost a memoir of his consistently held and passionately expressed views.
He is calling for a huge transfer of cash from the Treasury to local institutions – and the establishment of a National Growth Council.
He challenges the idea that sweeping deregulation and tax cuts will almost alone generate growth.
While reflecting Heseltine’s familiar ideas – the proposals still stand out as being strikingly distinctive…”
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