David Cameron says "red warning lights" are flashing for another economic crunch. Photo: Getty
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David Cameron's warning of another global recession could help the Tories

The Prime Minister cautions that we are on the brink of another global economic meltdown, but this could be politically expedient for his party.

David Cameron warns that we could be on the verge of another global recession. He refers to "red warning lights" flashing once again signalling another economic meltdown could be on the way, in an article for the GuardianHis opening paragraph reads:

Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.

In the piece, he writes of the economy worldwide potentially slowing down due to current affairs crises such as the ebola outbreak, the tempestuous situation in Ukraine and the Middle East, the eurozone's difficulties, and slow growth in emerging markets, as well as mentioning "stalled" global trade talks.

Labour's shadow chief secretary to the Treasury, Chris Leslie, has responded to this article suggesting Cameron is simply "making excuses for slower growth", referring to borrowing "going up so far this year" and exports falling "behind our competitors".

However, the Prime Minister's intervention is a tricky one for his opponents, because it is politically expedient for the Conservatives to suggest that the global economy remains precarious. Throughout his piece, Cameron uses the phrase "long-term plan", which is a clear echo of the Tories' slogan du jour "long-term economic plan". The way the party is fighting the upcoming election is to suggest that the only path to achieving financial stability is to stick with the government that has been tackling, with some effect, our economic problems for over four years, and not to risk changing the strategy by voting in a different party.

Cameron is undoubtedly preparing the country for the Chancellor having to explain, in the imminent Autumn Statement, awkward figures like why borrowing is increasing, and any corresponding harsh economic policies. However, as elements of a national economic recovery set in, and the Tories creep ahead in the polls, it seems the fact that they are still more trusted than the Labour party on the economy means that warning of future external destabilising factors could work in their favour. It has the added benefit of putting the economy, on which the Tories can speak with some authority, back at the top of the political agenda, as opposed to Ukip-friendly subjects such as immigration and Europe.

Anoosh Chakelian is deputy web editor at the New Statesman.

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No, David Cameron’s speech was not “left wing”

Come on, guys.

There is a strange journalistic phenomenon that occurs when a party leader makes a speech. It is a blend of groupthink, relief, utter certainty, and online backslapping. It happened particularly quickly after David Cameron’s speech to Tory party conference today. A few pundits decided that – because he mentioned, like, diversity and social mobility – this was a centre-left speech. A leftwing speech, even. Or at least a clear grab for the liberal centre ground. And so that’s what everyone now believes. The analysis is decided. The commentary is written. Thank God for that.

Really? It’s quite easy, even as one of those nasty, wicked Tories, to mention that you actually don’t much like racism, and point out that you’d quite like poor children to get jobs, without moving onto Labour's "territory". Which normal person is in favour of discriminating against someone on the basis of race, or blocking opportunity on the basis of class? Of course he’s against that. He’s a politician operating in a liberal democracy. And this isn’t Ukip conference.

Looking at the whole package, it was actually quite a rightwing speech. It was a paean to defence – championing drones, protecting Britain from the evils of the world, and getting all excited about “launching the biggest aircraft carriers in our history”.

It was a festival of flagwaving guff about the British “character”, a celebration of shoehorning our history chronologically onto the curriculum, looking towards a “Greater Britain”, asking for more “national pride”. There was even a Bake Off pun.

He also deployed the illiberal device of inculcating a divide-and-rule fear of the “shadow of extremism – hanging over every single one of us”, informing us that children in UK madrassas are having their “heads filled with poison and their hearts filled with hate”, and saying Britain shouldn’t be “overwhelmed” with refugees, before quickly changing the subject to ousting Assad. How unashamedly centrist, of you, Mr Prime Minister.

Benefit cuts and a reduction of tax credits will mean the Prime Minister’s enthusiasm for “equality of opportunity, as opposed to equality of outcome” will be just that – with the outcome pretty bleak for those who end up losing any opportunity that comes with state support. And his excitement about diversity in his cabinet rings a little hollow the day following a tubthumping anti-immigration speech from his Home Secretary.

If this year's Tory conference wins the party votes, it’ll be because of its conservative commitment – not lefty love bombing.

Anoosh Chakelian is deputy web editor at the New Statesman.