I have long been of the view that when economic historians review the last 20 years they will condemn Gordon Brown as one of the worst Chancellors (and Prime Ministers) we ever had.
I struggle to see how any coherent case can be made for him to be considered as the new head of the International Monetary Fund in the wake of the departure of the disgraced Dominique Strauss-Kahn. I'll offer five outstanding reasons why I think history will judge his handling of the economy so harshly. From the moment he took office he set about destroying our pensions system with new taxes. We are left with a legacy of a mammoth pensions funding crisis. He presided over an unsustainable consumer credit boom despite the constant warnings of economists. The system of regulation ...
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