Economic growth is flatlining, unemployment is rising and inflation has hit five per cent. Up and down the country people are worried about their jobs and their falling living standards. And instead of taking action to fix the economy, the Conservative Prime Minister is bogged down by squabbling from his own MPs demanding a referendum on our membership of the European Union. This all sounds too familiar. Last time the Conservatives were in power, they tore themselves to pieces over the Maastricht Treaty while the economy crumbled around them. It seems as if the early 1990s are back.