Cameron and Osborne are more concerned with defending bumper bonuses for bankers than measures to tackle the cost of living crisis.
Rather than re-running the arguments of 2010, the party must start and sustain a debate about what a good, healthy economy looks like.
The Bank of England governor tells MPs what George Osborne doesn't want you to hear.
The opposition should worry less about the growth rate and more about developing its own story about the economy.
After the Chancellor declared that Britain was "turning the corner", the Business Secretary warns against "complacency", generated by "a few quarters of good economic data."
The Chancellor's claim that "the pace of fiscal consolidation has not changed" is not supported by any of the available data.
Including, this is still the slowest recovery for 100 years, the economy is 2.9% smaller and most people are still getting poorer.
Conservative councillors and Boris Johnson are among those calling for the Chancellor to lift the "artificial cap" on borrowing but, for entirely ideological reasons, he still won't act.
Despite the return of growth and no shortage of austerity, the deficit was £1.3bn higher in July than at the same point last year.
Earnings rose by an unusual high of 2.1% in the latest quarter but only because bonuses were paid in April, rather than March, to benefit from the new 45p rate.