Labour’s Delusions
“It takes 20 years to build a reputation and 5 minutes to ruin it.” Buffet’s saying has been one which many in finance have had cause to ponder in recent years. Turned round, it applies to political parties: “a toxic reputation takes 5 minutes to develop, 20 years to shake off.” Consider how long it’s taken the Tories to get past (if they have) the “nasty party” tag. From its development in the 1980s, it was 18 years before the…