... and a preference for free markets seems currently entrenched in British political culture. The Conservative Party seems conscious that such territory seems occupied by Labour, and have at times appeared to be retreating back towards their One-Nation roots. Iain Duncan Smith expressed his desire to change the direction of the party and to help the 'vulnerable' within Britain. However, the current Conservative party seems to be firmly under Thatcher's order to 'get the government back off of business', with Howard's recent speeches describing business as 'the lifeblood of Britain'. Tim Yeo also followed the neo-liberal philosophy when he spoke out about the rising minimum wage. He showed concern for the rising wage warning that it would cause high inflation and would be detrimental to the interests of business. This seemed to echo the concerns of neo-liberal economists such as Friedman and Von Hayek, who saw inflation as the prime economic ...

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