Great article. Liam Halligan likes to quote the economic statistics at the end of the Thatcher era in 1997 which benefited the incoming New Labour government. The UK had a balanced budget, the economy was growing at 3.5 to 4.0% a year and debt to GDP was 40%. A phenomenal turnaround given the UK had been bankrupt 22 years before under a Labour Government with another Chancellor called Healey. Any recent Chancellor would die for those statistics.
Great article. Liam Halligan likes to quote the economic statistics at the end of the Thatcher era in 1997 which benefited the incoming New Labour government. The UK had a balanced budget, the economy was growing at 3.5 to 4.0% a year and debt to GDP was 40%. A phenomenal turnaround given the UK had been bankrupt 22 years before under a Labour Government with another Chancellor called Healey. Any recent Chancellor would die for those statistics.