Financial Times and Economist endorse 'Conservative-led coalition'

Posted On: 
30th April 2015

The Financial Times has endorsed a "Conservative-led coalition" despite David Cameron waging what the paper called "a campaign of fear". 

In a lengthy editorial, the FT says the Conservatives' economic record "ought to provide a winning hand", although it is far from glowing about the party leadership.

The Liberal Decmorats may also be cheered by the suggestion that the UK "would benefit from the countervailing force of Lib Dem moderation at Westminster​".

There are risks in re-electing Mr Cameron’s party, especially on Europe. But there are greater risks in not doing so. Its instincts on the economy, business and reform of public services are broadly right. Mr Miliband has not offered a credible economic prospectus and would apply a brake on enterprise.," the piece concludes.

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The FT's endorsement follows a similar editorial from the Economist, which claims a Labour government risks "chasing away the most enterprising".

The magazine, which backed Tony Blair in 2001 and 2005 but switched support to the Conservatives in 2010, said the choice had “become harder” over the last five years.

The Tories won the endorsement on the back of their economic record, with Ed Miliband criticised for “meddling” with markets and making the UK less attractive to entrepreneurs with his plans for a mansion tax and 50p top rate of income tax.

“On May 7th voters must weigh the certainty of economic damage under Labour against the possibility of a costly EU exit under the Tories,” the editorial says.  

“With Labour, the likely partnership with the SNP increases the risk. For the Tories, a coalition with the Lib Dems would reduce it. On that calculus, the best hope for Britain is with a continuation of a Conservative-led coalition. That’s why our vote is for Mr Cameron."