The Tories are just another Statist party, wedded to the idea of high taxes and a large State.
There is absolutely no point taking the risk of setting up in business, employing people (because that is the only way back from this recession) if the State is going to confiscate half of your earnings. What is the point ?
Profits are derived from taking a risk, the Government wants half of the profit but does not want to take half of the risk. When it gets to the stage where even the Tories no longer understand that it is the wealth producing part of the country that underpins the bloated State, we are in a world of crap.
The Tories are a shoe in for the next election, because everybody is sick of Labour, but remember the Tories in charge of the economy the last time. Going into the ERM for political reasons at too high a rate against the DM, not on economic grounds.
This will not be a seismic shift in economic policy, it will be the Obamarisation of Parliament. Different bloke waving at the traffic, same car crash.
Update
Cameron to ‘ringfence’ Whitehall spending
But Whitehall is already forming the wagons against ANY cuts in their spending power.