The Case for High Wages

Beaverbrook’s radical vision and prominent platform gave him enormous political sway.

William Maxwell Aitken, Lord Beaverbrook. Caricature by Paolo Garretto for The Graphic, 3 March 1928 © Illustrated London News/Mary Evans Picture Library

The recent Conservative leadership campaign saw candidates offer both tax cuts and increased government spending, which led to much critical commentary, especially over whether the Conservative Party had abandoned its historic reputation for financial rectitude. Following nearly a decade of austerity, however, such pledges seem likely to be aimed at gaining the favour of voters, rather than signalling an ideological shift.

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