National politics

Down the plug hole

In today’s Telegraph Jeff Randal gives a fairly comprehensive analysis of Gordon Brown’s economic record.

The bit on the stock market is particularly telling:

Under Labour 1964-70, the stock market’s real return (adjusted for inflation) went down by 13 per cent. Under Labour 1974-79 (which included Denis Healey’s grovelling to the IMF), it went down by 11.5 per cent. Under Mr Brown, the London stock market’s decline in real return is more than 20 per cent.

The full article is well worth a read if you want to get some perspective of the Labour government over its entire term.