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Will Hutton: Brown Is Getting It Right

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More tosh from Will Hutton:


For over the last few weeks, the subterranean balance of the deep argument has begun to swing back to Brown. As Wilkes says, he got it wrong during the boom, but his fiscal strategy is now right. Brown's document, "Building Britain's Future", is only halfway there, but it is the right trajectory. It was an achievement to persuade both Nissan and Toyota to step up their investment in electric car batteries and hybrids in Britain. It is right to begin the electrification of the railways. He is right to defend the FSA. Although much criticised, Britain must afford the big deficits until the economy plainly bottoms, when it will be right both to raise taxes and then slow spending growth. But not until then. Brown is right to insist there is a fundamental difference of strategy and Osborne and Cameron would have been cleverer not to have allowed this gap to open.

Will they really risk intensifying recession? Will they risk a second financial crisis that would bankrupt the country by mismanaging financial regulation? Do they have a strategy for building the economy? Will Britain leave the EU? These are big questions and in democracies cannot be avoided. If Labour was led by a charismatic leader sure of his or her ground, it would beat this Conservative party. Even with Brown, the Tory margin of victory cannot be taken for granted. There is a deep wisdom in democracies. They tend not to elect governments who will do the wrong things.

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Brown, with breath-taking incompetence, is sleepwalking this country into a second credit crunch of even more frightening consequences than the first.

The man is a malevolent arsehole who is happy to destroy this country in order to stay in power.

Edited by Red Baron

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