The economic consequences of Mr Brown
Gordon Brown might be overstating his case when he ignores his Thatcherite inheritance and a benign global economic environment, and takes sole credit for Britain’s rather good economic performance during his tenure at No. 11. But, asked whether they are better off now than a decade ago, most Britons would have to agree that in material terms their lives have improved during Brown’s tenure at the Treasury, and that his decisions to keep Britain out of the euro and to grant a sort of independence to the Bank of England (Brown still selects the Bank’s inflation target, and decides whether the Governor is to be reappointed or let out to pasture) were good policies indeed.