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Financial Times:
Britain should not go back to the future

11 April 2013

Today's British economy is the legacy of Margaret Thatcher. The governments that succeeded her did not change the broad lines of her policies. John Major privatised the railways. Labour lightly regulated the City of London and made the Bank of England independent. When it did reverse direction - such as with the introduction of the minimum wage the measures - were carefully calibrated. So how should we judge Thatcher's legacy? The UK economy has registered at least four clear successes since 1979, notes Professor John Van Reenen of the London School of Economics.

This article was published in the Financial Times on April 11, 2013
Link to article here

Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage

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