David
2008-05-06 03:22:29

This is incorrect, NuLabour is just a media spin or gloss over the old tax and spend socialists that existed in the 70′s. All you have to do is have a good look at Ed Balls to see just how incorrect you are. The independence of the Bank of England means nothing, Blair kept the Unions under control by keeping Thatchers union laws, because that was what killed Labour in the 70′s. Economic policy is one area where they have tried to restrain their socialist leanings, so open markets and no nationalisation, but they have taxed so heavily that many companies are starting to leave the UK.

It will take another 5 to 10 years to sort out the mess that they made Britain yet again.