The self-styled ‘Red Tory’ Phillip Blond appeared to be in the ascendancy earlier this year as David Cameron appeared alongside him at the launch of Demos’s Progressive Conservatism project. Speculation that Cameron was prepared to embrace significant elements of Red Toryism intensified when his speech on “moral capitalism” to the World Economic Forum in Davos drew heavily on Blond’s work. He even poached Blond’s smart line on “recapitalising the poor”.
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