Maybe Britain isn’t broken

Three reasons to be (a little bit) cheerful about the future of the UK

Merchandise from the “I’m backing Britain” campaign of 1968

As all journalists know fear sells better than sex. Readers want be terrified. And here in the UK, there appears to be every reason to frighten them.

A country that was overdependent on financial services has been in decline ever since the banking crash of 2008. Then, from 2010 on, the astonishing Conservative policy failures of austerity, Trussonomics and, above all, Brexit further weakened an enfeebled state.

I was a child in a happy family during the crisis of the 1970s. Like all happy children I just got on with my life. But even I picked up a little of the despair and hopelessness of the time. That feeling that there is no way out is with us again.

In 1979, Margaret Thatcher came to power, and with great brutality, set the UK on a new path as she inflicted landslide defeats on Labour.

Obviously, our current Conservative government is heading for a defeat, maybe a landslide defeat.

But there is little sense that Labour will transform the country.  The far-left takeover from 2015-2019 traumatised it. As recently as 2021, everyone expected Boris Johnson to rule the UK for most of the 2020s.  

Johnson’s contempt for the rules he insisted everyone else follow and the great Truss disaster are handing Labour victory. But the centre-left appears to be the beneficiary of scandal and right-wing madness, not an ideological sea change that might inspire it and sustain it in power

Desperate to drop its crank image, battered by the conservative media establishment, fashionable opinion holds that a wee, cowering and timorous Labour party will come into power without radical policies that equal the country’s needs.

Just this once, fashionable opinion may even be right

And yet, and I know I will regret this outbreak of commercially suicidal optimism, there are reasons to believe that the UK’s position is not quite as grim as it appears.

1)    The economy may revive