Xbow magazine - August 2008

Friday, August 1, 2008
Since Britain’s fortunate departure from the Exchange RateMechanismin 1992, the economy has grown well. In no small part this was because of the 1980s supply side revolution, which concentrated on trade union control, tax reformand privatisation, and the 1990s macroeconomic reforms, based on inflation targeting and fiscal consolidation, which were implemented by Chancellor Norman Lamont and followed through by his successor Ken Clarke.Download the magazine to read the full article by Ruth Lea...