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Twenty five years on, decline as a theme in British political discourse has almost been banished, and the economy is no longer at the centre of political debate. There is a new triumphalism in British public pronouncements about the economy, reminiscent of the heady days of Thatcherism. At the height of the shortlived 1980s boom, the 1987 Conservative Party manifesto in the unmistakeable cadences of its Leader proudly proclaimed:ii

Remember the conventional wisdom of the day...

There is a new triumphalism in British public pronouncements about the economy, reminiscent of the heady days of Thatcherism. At the height of the shortlived 1980s boom, the 1987 Conservative Party manifesto in the unmistakeable cadences of its Leader proudly proclaimed:ii

Remember the conventional wisdom of the day...

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