The Conservative Party, under Kemi Badenoch, is revisiting Margaret Thatcher's economic principles, asserting that past failures stemmed from straying from these ideals. In a recent speech, shadow chancellor Andrew Griffith emphasized the need for lower taxes and deregulation to stimulate growth, while also acknowledging the necessity of public investment in certain cases.
Critics argue that the party's adherence to these principles may have contributed to previous economic missteps, particularly regarding energy security. As the Conservatives face challenges from both Labour and Reform UK, the effectiveness of this return to Thatcherism remains uncertain.