Nick Timothy, Theresa May’s former joint chief of staff, may be gone in body, but he is plainly still there in spirit. “Many are tired of austerity”, he wrote on the ConservativeHome website in partial explanation of the Prime Minister’s election debacle; it had gone too far.

Within days Mrs May was telling the Parliamentary Conservative Party that the Labour surge was a vote against austerity, and she seemed to acknowledge that things would have to change.

Their concern is all very well, but it raises a rather obvious question; what austerity? This may seem a callous thing to ask in the wake of Grenfell Tower disaster, now widely portrayed as a metaphor for the “crime” of government cuts. Yet despite the way in which this tragedy has been politicised, it’s not at all obvious it had anything to do with money; rather the fault was one of negligence and regulatory failure.