David Cameron, the leader of the British Conservatives, told the Tory Party Conference that he will not be offering a policy of tax cuts. Speaking about past Tory mistakes, he declared: “While people wanted, more than anything, stability and low mortgage rates, the first thing we talked about was tax cuts. [...] [S]ocial responsibility – that is the essence of liberal Conservatism. That is the idea I want us to explain.” No tax cuts, has become Mr Cameron’s mantra.

George Osborne, the shadow chancellor, said today that though he believes in tax cuts, he cannot go into the next election promising them. Many Church of England bishops say they believe in God, but don’t really.

Utter hypocrisy to try and catch hold of Reagan’s coat tails yesterday when US Senator John McCain spoke at the Tory Conference and called for tax cuts, and then talk like this today.