The ONS have revised down Q2 2008 growth to 0%, and Conservatives are ecstatic at the thought that the UK "may" go into recession. Before they get too orgasmic, I'd like to remind them that in 11 years of New Labour government, there has only been one quarter with zero growth (Q2 2008) and we have had no quarter with negative growth at all.
The public will only replace the government if they think the opposition can do better than Labour - i.e. the opposition need to promise to produce twelve years of consecutive growth.
But of course the Tories won't promise that, because they don't believe they can match the Labour record. After all the Tories presided over two of the worst post war recessions on record: the early eighties recession which entailed 6 consecutive quarters of negative growth (18 months) and the early 90's recession, which entailed seven consecutive quarters of negative growth (21 months, nearly three years). By contrast our record holds up very well. We also hold up well compared to all major competitors.
Do people really think that Cameron would do better, given the part he played in the early 90's? I'm sure hoards of Tories will come on here to say that Cameron had nothing to do with the early 90's recession, he was merely Lamont's tea-boy (at the age of 26!). So I'll rephrase that - do you really think that someone who was so poor at his job that he was still a tea-boy at the age of 26 could run the economy better than Labour?
For all those Tories saying they can do better - here's a challenge: Pledge to beat us and produce twelve consecutive years of growth. If you can't do that, you're all just full of hot air.
P.S. Just to give Tory fantasists a taste for the quality of Cameron's advice when he worked for Lamont - take a look at this article. Just six weeks after Black Wednesday, and the ERM debacle, Cameron was advising Lamont that the euro was the answer. Still trust his instincts or judgement? My guess he doesn't have any original thoughts at all, he just blows around in the wind appeasing whoever he needs to and adopting all manner of flaky ideas - one minute advocating the euro (which Brown's advisor Ed Balls understood wouldn't help at all, hence his advice against joining the euro and to make the BoE independent instead), the next minute sitting with Russian extremists in the Council of Europe, to appease eurosceptics in his party. In neither case did he stop and think of consequences of these decisions.