ugly_brown.jpgFraser Nelson had an excellent piece on the
Spectator's Coffee House blog yesterday, arguing that the UK
economy is in "a far worse condition than Gordon Brown makes
out... his skill [as chancellor] was not in managing the economy
well, but in making people believe it had been managed well."
As Fraser points out, most developed countries have had better
growth than the UK since 1997, and Britain has actually been the
worst economic performer in the English-speaking world. So much
for the miracle economy! And thanks to Brown's wasteful public
spending we have the biggest deficit in Western Europe, at a
point in the economic cycle when we should really have a
surplus. Government borrowing has placed a heavy burden on
future generations. Inflation is making a comeback. Millions of
Britons are economically inactive and dependent on state
benefits. The list goes on...  What should be done? I believe
overhauling the welfare system is the most urgent task facing
the country – done correctly it would