Tories no longer have an economic vision — and they are in trouble

It would be easy to see all this as consequences purely of Brexit and Theresa May. Without Brexit, there would have been no May premiership and no shift towards the dominance of the Home Office view of the world, with the Treasury consequently diminished. Brexit has claimed all the government’s bandwidth and left little time for anything else. “The government gives the impression that it sees its job as to form a moral view on the economy and deploy the law against the bad bits — as soon as it can work out what those are . . . The extent to which this government sees the economy not through an economic prism but through a moral one seems remarkable.”