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New Labour's Economics Record

New Labour's economic "record"
Issue: 115
Posted: 2 July 07
Chris Harman
As Tony Blair departed and Gordon Brown prepared to take over as prime minister one great myth was boomed out by New Labour’s propaganda machine—that Brown had achieved a “miracle” for the British economy. He achieved no less than the “longest period of sustained economic growth for more than 200 years…the longest period of sustained growth since the beginning of the industrial revolution”.1 It was a myth that most mainstream commentators avoided puncturing, eager as they are to see the major continental economies follow in Britain footsteps and embracing measures of “labour market flexibility”, “market testing”, privatisation and “contracting out” in the public sector, and longer working hours.
Yet the claim itself is simply false.
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