Neil O'Brien appointed special adviser to Osborne

Policy Exchange director will focus on developing the Conservatives' next manifesto.

George Osborne has just completed his second big signing of the week. After naming Mark Carney as governor of the Bank of England on Monday, he's secured the services of Policy Exchange director Neil O'Brien as a special adviser. O'Brien, who has been director of the cente-right think-tank since 2008, will focus on the development of the Conservatives' next general election manifesto.

It's a smart move by Osborne; O'Brien, a New Statesman contributor, is one of the most innovative conservative thinkers of his generation and a moderniser who understands what the Tories need to do if they're to stand a chance of winning in 2015. In a piece for the NS last month ("The challenge for the Tories is to find their own version of Blairism"), he wrote:

At the next election, Tory candidates need a clearer offering for those who work hard on low incomes; something to say to the fifth of households that live in social housing; and an agenda that makes sense to people in areas of high unemployment and to the millions who work in public services.

As he showed in another piece for the NS, on the meaning of "Milibandism", he also understands the threat posed by Labour.

Policy Exchange deputy director David Skelton, another NS contributor, will serve as acting director while the think-tank looks for a replacement for O’Brien. Congratulations to both.

Neil O'Brien has served as director of Policy Exchange since 2008.

George Eaton is political editor of the New Statesman.

Getty
Show Hide image

The 5 things the Tories aren't telling you about their manifesto

Turns out the NHS is something you really have to pay for after all. 

When Theresa May launched the Conservative 2017 manifesto, she borrowed the most popular policies from across the political spectrum. Some anti-immigrant rhetoric? Some strong action on rip-off energy firms? The message is clear - you can have it all if you vote Tory.

But can you? The respected thinktank the Institute for Fiscal Studies has now been through the manifesto with a fine tooth comb, and it turns out there are some things the Tory manifesto just doesn't mention...

1. How budgeting works

They say: "a balanced budget by the middle of the next decade"

What they don't say: The Conservatives don't talk very much about new taxes or spending commitments in the manifesto. But the IFS argues that balancing the budget "would likely require more spending cuts or tax rises even beyond the end of the next parliament."

2. How this isn't the end of austerity

They say: "We will always be guided by what matters to the ordinary, working families of this nation."

What they don't say: The manifesto does not backtrack on existing planned cuts to working-age welfare benefits. According to the IFS, these cuts will "reduce the incomes of the lowest income working age households significantly – and by more than the cuts seen since 2010".

3. Why some policies don't make a difference

They say: "The Triple Lock has worked: it is now time to set pensions on an even course."

What they don't say: The argument behind scrapping the "triple lock" on pensions is that it provides an unneccessarily generous subsidy to pensioners (including superbly wealthy ones) at the expense of the taxpayer.

However, the IFS found that the Conservatives' proposed solution - a "double lock" which rises with earnings or inflation - will cost the taxpayer just as much over the coming Parliament. After all, Brexit has caused a drop in the value of sterling, which is now causing price inflation...

4. That healthcare can't be done cheap

They say: "The next Conservative government will give the NHS the resources it needs."

What they don't say: The £8bn more promised for the NHS over the next five years is a continuation of underinvestment in the NHS. The IFS says: "Conservative plans for NHS spending look very tight indeed and may well be undeliverable."

5. Cutting immigration costs us

They say: "We will therefore establish an immigration policy that allows us to reduce and control the number of people who come to Britain from the European Union, while still allowing us to attract the skilled workers our economy needs." 

What they don't say: The Office for Budget Responsibility has already calculated that lower immigration as a result of the Brexit vote could reduce tax revenues by £6bn a year in four years' time. The IFS calculates that getting net immigration down to the tens of thousands, as the Tories pledge, could double that loss.

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

0800 7318496