Who is left defending George Osborne?

The economists have deserted him, and business leaders are nowhere to be heard.

So far, we have heard from 13 of the 20 economists who signed the now-infamous letter to George Osborne in the Sunday Times in February 2010, in which they argued that:

[The] government's goal should be to eliminate the structural current Budget deficit over the course of a parliament.

Eleven of the economists responded to the New Statesman's request for a comment, two and a half years on. Of those, nine admitted that the changed situation had caused them to change their minds; one, Albert Marcet of Spain, remained supportive of Osborne; and the eleventh, Oxford's John Vickers, declined to comment either way.

Since then, two further signatories have got in touch with the Daily Telegraph to confirm that they, too, remain supportive. But what of the other seven? Will they admit they got it wrong; stake their colours ever firmer to a dying idea; or take the cowards' way out? We are still waiting to hear from:

  • Sir Howard Davies, then of the London School of Economics, now working for France's Science Po
  • Meghnad Desai, formerly of the London School of Economics
  • Andrew Turnbull, former Cabinet Secretary
  • Orazio Attanasio of University College London
  • John Muellbauer of Nuffield College, Oxford
  • Thomas Sargent of New York University, joint winner of 2011 Nobel prize in economics
  • Anne Sibert of Birkbeck College

The economists aren't the only letter writers who should be embarrassed of their record. What about the 35 businesspeople who signed, corralled by CCHQ, their own letter in October 2010, to the Telegraph, which began:

It has been suggested that the deficit reduction programme set out by George Osborne in his emergency Budget should be watered down and spread over more than one parliament. We believe that this would be a mistake.

This letter was signed by the 34 men and one woman in their personal capacities, but some of them have surely been hit hard by the collapse in confidence which has ensued in the last two years. Andy Bond, ASDA's former chairman, can't be too happy about the impact the weak economy has had on his old company's sales growth, for instance.

Of course, some are unlikely to recant no matter what the evidence. Party-funding transparency website Search the Money reveals that five of the 35 are donors to the Tories, with donations totalling over half a million pounds between them.

Will any of the business leaders recant? The full list, including positions in 2010, is below. The New Statesman awaits their response.

  • Will Adderley, CEO, Dunelm Group
  • Robert Bensoussan, Chairman, L.K. Bennett
  • Andy Bond, Chairman, ASDA
  • Ian Cheshire, Chief Executive, Kingfisher
  • Gerald Corbett, Chairman, SSL International, moneysupermarket.com, Britvic
  • Peter Cullum, Executive Chairman, Towergate
  • Tej Dhillon, Chairman and CEO, Dhillon Group
  • Philip Dilley, Chairman, Arup
  • Charles Dunstone, Chairman, Carphone Warehouse Group, Chairman, TalkTalk Telecom Group
  • Warren East, CEO, ARM Holdings
  • Gordon Frazer, Managing Director, Microsoft UK
  • Sir Christopher Gent, Non-Executive Chairman, GlaxoSmithKline
  • Ben Gordon, Chief Executive, Mothercare
  • Anthony Habgood, Chairman, Whitbread , Chairman, Reed Elsevier
  • Aidan Heavey, Chief Executive, Tullow Oil
  • Neil Johnson, Chairman, UMECO
  • Nick Leslau, Chairman, Prestbury Group
  • Ian Livingston, CEO, BT Group
  • Ruby McGregor-Smith, CEO, MITIE Group
  • Rick Medlock, CFO, Inmarsat; Non-Executive Director lovefilms.com, The Betting Group
  • John Nelson, Chairman, Hammerson
  • Stefano Pessina, Executive Chairman, Alliance Boots
  • Nick Prest, Chairman, AVEVA
  • Nick Robertson, CEO, ASOS
  • Sir Stuart Rose, Chairman, Marks & Spencer
  • Tim Steiner, CEO, Ocado
  • Andrew Sukawaty, Chairman and CEO, Inmarsat
  • Michael Turner, Executive Chairman, Fuller, Smith and Turner
  • Moni Varma,Chairman,Veetee
  • Paul Walker, Chief Executive, Sage
  • Paul Walsh, Chief Executive, Diageo
  • Robert Walters, CEO, Robert Walters
  • Joseph Wan, Chief Executive, Harvey Nichols
  • Bob Wigley, Chairman, Expansys, Stonehaven Associates, Yell Group
  • Simon Wolfson, Chief Executive, Next

Read David Blanchflower's most recent column for the New Statesman, "Perhaps Iain Duncan Smith will accuse me of peeing on the data", here

Lord Wolfson, one of Osborne's defenders. Photograph: Getty Images

David Blanchflower is economics editor of the New Statesman and professor of economics at Dartmouth College, New Hampshire

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Theresa May’s stage-managed election campaign keeps the public at bay

Jeremy Corbyn’s approach may be chaotic, but at least it’s more authentic.

The worst part about running an election campaign for a politician? Having to meet the general public. Those ordinary folk can be a tricky lot, with their lack of regard for being on-message, and their pesky real-life concerns.

But it looks like Theresa May has decided to avoid this inconvenience altogether during this snap general election campaign, as it turns out her visit to Leeds last night was so stage-managed that she barely had to face the public.

Accusations have been whizzing around online that at a campaign event at the Shine building in Leeds, the Prime Minister spoke to a room full of guests invited by the party, rather than local people or people who work in the building’s office space.

The Telegraph’s Chris Hope tweeted a picture of the room in which May was addressing her audience yesterday evening a little before 7pm. He pointed out that, being in Leeds, she was in “Labour territory”:

But a few locals who spied this picture online claimed that the audience did not look like who you’d expect to see congregated at Shine – a grade II-listed Victorian school that has been renovated into a community project housing office space and meeting rooms.

“Ask why she didn’t meet any of the people at the business who work in that beautiful building. Everyone there was an invite-only Tory,” tweeted Rik Kendell, a Leeds-based developer and designer who says he works in the Shine building. “She didn’t arrive until we’d all left for the day. Everyone in the building past 6pm was invite-only . . . They seemed to seek out the most clinical corner for their PR photos. Such a beautiful building to work in.”

Other tweeters also found the snapshot jarring:

Shine’s founders have pointed out that they didn’t host or invite Theresa May – rather the party hired out the space for a private event: “All visitors pay for meeting space in Shine and we do not seek out, bid for, or otherwise host any political parties,” wrote managing director Dawn O'Keefe. The guestlist was not down to Shine, but to the Tory party.

The audience consisted of journalists and around 150 Tory activists, according to the Guardian. This was instead of employees from the 16 offices housed in the building. I have asked the Conservative Party for clarification of who was in the audience and whether it was invite-only and am awaiting its response.

Jeremy Corbyn accused May of “hiding from the public”, and local Labour MP Richard Burgon commented that, “like a medieval monarch, she simply briefly relocated her travelling court of admirers to town and then moved on without so much as a nod to the people she considers to be her lowly subjects”.

But it doesn’t look like the Tories’ painstaking stage-management is a fool-proof plan. Having uniform audiences of the party faithful on the campaign trail seems to be confusing the Prime Minister somewhat. During a visit to a (rather sparsely populated) factory in Clay Cross, Derbyshire, yesterday, she appeared to forget where exactly on the campaign trail she was:

The management of Corbyn’s campaign has also resulted in gaffes – but for opposite reasons. A slightly more chaotic approach has led to him facing the wrong way, with his back to the cameras.

Corbyn’s blunder is born out of his instinct to address the crowd rather than the cameras – May’s problem is the other way round. Both, however, seem far more comfortable talking to the party faithful, even if they are venturing out of safe seat territory.

Anoosh Chakelian is senior writer at the New Statesman.

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