Danny says the Tories will be “destroyed” if they advocate tax cuts, that is ridiculous, on the contrary they will be damaged if they do not. It seems to Guido that the Tories have finally realised that Fink is wrong, the old position is not right for now, the voters have moved on. One wonders if Osborne would have reached this point faster without the siren voice of his old friend. Now Nick Clegg, not the Tories, will be able to claim with some justice to have set the agenda.
[Guido also hears that the Speccie will this week be reporting Nigel Lawson claiming that he was misquoted on taxes - he is in favour of an immediate tax cut, so long as it is responsible.]