Massive own goal to say how bad things were. When the economy was actually standing up ok.
Well it's a self-fulfilling prophecy:
- You come in and say "everything is s***, but don't worry, the adults are in charge now and we are not bull***era like the tories"
- Business go "oh dear, they're saying everything is s*** and i don't think they're bull***ers like the other lot, so not sure they're trying to get everyone to hate the tories, it must be genuinely bad we better revise those investment plans. In fact, bring me a range of options to cut costs and tighten our belts"
- International business say: "let's not go with the UK for our new site, the new government have come in and have said they've found a load of stuff that means things are a lot worse there than we thought"
- Everything starts going to s***, due to loss of confidence
- It's a spiral that started the financial crash. There was a very small slowdown in the US sub prime market that led to some initial losses which then received OTT media attention causing investors to panic and the loss of confidence grew until banks refused to lend to each other as they no longer trusted the markets and the whole economy started to collapse.
Confidence is half the game in politics and actually in economics. If you tell people things are great, it's amazing how that attitude is infectious. You can even sell negative stories as positives. Boris Johnson was great at this. Tony Blair also.
It wasn't "our education system has gone to s***" with Blair, it was "education, education, education". It wasn't "there's massive regional inequality in the UK" with Boris Johnson it was "we are going to level up!"