Eric Le Boucher: The British Economy: A New Life for an Old System or the End of That System?
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Will the financial crisis lead to the end of the British economic model set up by Margaret Thatcher and continued by Labour? The United Kingdom’s economy has certainly entered a difficult phase of adjustment and debt can no longer be an asset. The British economic model has other advantages, however, which could redeem it and give it new momentum: the population is dynamic and educated, employment is flexible and therefore dynamic, the fiscal system is attractive, the industrial basis of the economy is solid and the currency is low . . .
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