Britain’s ruling party gathers under the watchful eye of the bond markets

By Bagehot

SO WHERE, exactly, are these ideological axe-men who supposedly infest the Conservative Party? For the period of this convention season, Bagehot has heard Liberal Democrats in Birmingham and Labour kinds in Liverpool warning, in apocalyptic tones, about the Tories and their corrupt idea to make spend of the financial disaster as a pretext for slashing abet the divulge. Now I am lastly in Manchester for the Conservative Party’s annual gathering, and I bag Britain’s ruling party in a temper of touchy realism, not axe-sharpening glee.

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