Kaletsky pours scorn on the clear blue water

A must read in this morning's Times from Anatole Kaletsky who gives a damming critique of the Tory about turn on economic policy

A few weeks ago it seemed as if Britain - for all its economic problems and the manifest political inadequacy of Gordon Brown - at least had a competent Opposition that would one day form a credible alternative government

However now

Tories have chosen this moment to self-destruct, leaving no plausible alternative to Labour, and nobody, apart from the redoubtable Vince Cable, to challenge Mr Brown's delusions of grandeur - or potential economic misjudgments.

and there is more

This week, Mr Cameron showed that he had forgotten nothing by suddenly reverting to the policies of John Major - not just the “strong sterling” totem, but the whole package, complete with empty promises of fiscal restraint, warnings about a “Labour tax bombshell” and contempt for Keynesian economics. These were policies that Mr Cameron used to advocate when he worked for Norman Lamont. The leader of the Tory “modernisers” was supposed to have forgotten all this nonsense when he left the side of the former Chancellor on Black Wednesday, but he has now reverted to type.