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Good morning. If you want to speak to a Conservative strategist, talk about immigration. If you want to speak to a Labour one, talk about tax. Some thoughts on both parties’ vulnerable spots in today’s note.
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Counting the cost
The bitter row raging inside the Conservative party over immigration is, essentially, the same row the party is having over tax. In one corner, you have the spending departments — health, education, and so on — and in the other corner you have Whitehall’s enforcer.