Conservative party

It’s a day for growth initiatives. In addition to those described earlier, George Osborne has announced that Whitehall’s annual underspend will be reinvested into capital spending projects. The emphasis on infrastructure echoes Danny Alexander’s statements during the Lib Dem conference, when the Treasury secretary disclosed that existing programmes would be brought forward and funded by recalibrating budgets. So there seems to be agreement between the two parties about bolstering the coalition’s growth strategy in a certain way, which may explain why the Tories are so determined to resist pressure to introduce politically awkward tax cuts. Grant Shapps has also been elaborating on the changes to the Right to Buy.

“Top Conservative despairs of Cameron growth plan,” says The Times’ front page today. While The Daily Telegraph’s reads: “No tax cuts before the next election, says Osborne”. The two stories are related. British economic growth is evaporating, and more than a few Tory MPs are worried that the Chancellor doesn’t have a coherent growth strategy and that he doesn’t seem to care. Osborne’s cheery interview with Robert Winnett and Ben Brogan will do nothing to allay such fears. He repeats his position on tax cuts: that, while desirable, they are likedessert once the nation has eaten its main course of cuts and tax rises. He appears to rule out using tax cuts as a tool to stimulate growth.

The great pastime of Tory MPs is leadership speculation. Who’s up? Who’s down? Who’s in? Who’s out? Who succeeds Cameron? Simple, says Toby Young in our cover piece this week, it has to be Boris. Toby’s confidence in Boris is such that he once bet Nigella Lawson £15,000 that blond bombshell would lead the party one day. Subscribers can read about that story here, and non-subscribers can subscribe to the Spectator for just a £1 an issue. In the meantime, here’s a cover piece from the archives on this same theme: Boris is hot on Dave’s heels.

Westminster is preparing for the Tory conference and Ben Brogan reports that a confident mood pervades the blue camp. The positive briefings have begun. The Guardian reveals that the speed limit on motorways is to be raised from 70 MPH to 80 MPH. This is a victory for Transport Secretary Philip Hammond over recalcitrant forces in Whitehall and the Health and Climate Change Secretaries. The Guardian adds that several welfare announcements will be made. It’s also likely that there’ll be further initiatives relating to the riots, perhaps inspired by Labour’s concerted assault on law and order. Meanwhile, the Eurozone crisis continues. Angela Merkel passed the controversial expansion of the EFSF this morning.

James Forsyth has interviewed the foreign secretary, William Hague, in tomorrow’s issue of the Spectator. Here is an extended version of the piece that will appear in the magazine. Politicians normally have to wait for the history books for vindication. But for William Hague it has come early. All his warnings about the dangers of the euro, so glibly mocked at the time, have come to pass. But, as he makes clear when I meet him in his study in the Foreign Office days before the start of Tory conference, he is not enjoying this moment. Rather, he is absorbed with trying to sort out the mess that others have created.

                                      In July 1990, Nicholas Ridley told Dominic Lawson that monetary union was "all a German racket designed to take over the whole of Europe". He was immediately forced to resign from the Cabinet. In this week's magazine, which hits newsstands today, Lawson says that Nicholas Ridley was right (subscribers click here). Here, in full, is the article that ended his career: Saying the unsayable about the Germans, Dominic Lawson, 14 July 1990 It is said, or it ought to have been said, that every Conservative Cabinet minister dreams of dictating a leader to the Daily Telegraph.

At the beginning of the conference season I mused on Twitter that these occasions were very tribal, but that I had never been able to work out what defined the Liberal Democrat tribe. I was bombarded by suggestions. Iain Martin bluntly wrote: “What is the Lib Dem tribe? Answer: A lot smaller than it used to be.” Andrew Boff, the Tory London Assembly member said, naughtily: “It depends on who they are talking to.” Peter Beaumont drew on his experience as a foreign correspondent to paint a horrifying picture: “all sandals and penis gourds”. And Max Wind-Cowie pointed out what Nick Clegg himself recognises as a problem: “Perhaps surprisingly an almost exclusively white, male & middle class tribe. Unlike either the Tory tribe or the Labour.

Chris Huhne can always be guaranteed to grate. Several Conservatives have cracked wry smiles at the energy secretary’s comments about the “Tory Tea Party tendency”. Mark Pritchard quipped that plenty of senior Lib Dems would soon be at leisure to throw their own tea parties and John Redwood dismissed Huhne’s cant as conference high-jinks. Redwood went on to challenge Huhne’s policies. Speaking to Sky News, he said he was “happy to hear ideas” about “promoting more competition”, pointing out that competition might reduce prices. Then he added that Huhne “has also got to understand it is his policies that are driving costs of electricity up in Britain because we are choosing to generate it in a very expensive way.