Boom, bust and hubris
Politics risks undermining Britain's economic success
GORDON BROWN, Britain's chancellor of the exchequer, has recently developed a worrying tendency to boast about his economic record. It's the longest period of sustained growth in the past 200 years, he says, extolling the “British model” to other countries as an example of how to run an economy properly, with monetary and fiscal policy working together to achieve stability and growth.
This article appeared in the Britain section of the print edition under the headline “Boom, bust and hubris”
From the July 31st 2004 edition
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