by Stephen Tall on February 1, 2007
The Economist’s verdict on Gordon Brown:
… Mr Brown’s larger difficulty is that he has failed to make the most of a long stint as chancellor in which he has been blessed with generally favourable economic conditions. For a politician with a reputation for thinking far ahead, his conduct of policy has made little strategic sense. Sharp tightening followed by excessive expansion is a bad way to run things. The chancellor’s undesirable legacy will be a bigger state that is palpably failing to deliver value for money for its hard-pressed taxpayers.