The Conservatives’ foundational sin
Financial Times
February 19, 2026
AI-Generated Deep Dive Summary
The Conservatives’ foundational sin lies in their hypocritical embrace of risky financial practices despite once dismissing the idea of easy money solutions. What was once mocked as a "magic money tree" has now become the foundation of their economic strategy, with critics warning that this shift could lead to significant risks and long-term consequences for the UK’s financial stability. This about-face not only undermines their credibility but also raises questions about the sustainability of their policies.
The party’s transformation from fiscal conservatives to proponents of speculative financial measures reflects a broader trend in politics, where short-term gains often overshadow long-term economic health. By building their policy house in the branches of risky financial practices, the Conservatives have created a precarious situation that could lead to instability. This approach not only disregards historical lessons but also risks damaging public trust in their ability to manage the economy effectively.
For readers interested in business and finance, this matters because such policies can have far-reaching implications for markets, investment decisions, and economic growth. The Conservatives’ shift signals a potential era of increased volatility and uncertainty, which could impact everything from corporate planning to individual financial decisions. Understanding this foundational sin is crucial for anyone tracking the intersection of politics and economics in the UK today.
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Originally published on Financial Times on 2/19/2026