Originally posted by NickNick
View Post
It's generally accepted that the period of economic stability which New Labia have benefited from was in fact engineered several years earler by John Major's Govt following Black Wednesday. In fact the economy had been growing for 5 years prior to Labour's win in 1997.
One credit that Labour must take is the decision to give the BOE autonomy in deciding the interest rate, however we shall soon see whether the period of growth since then has been supported by borrowing or the sale of the UK's gold bullion reserves.
Leave a comment: