Why Labour may not be the winners if the British economy falls off a cliff

By Bagehot

ED MILIBAND, leader of the opposition Labour Party, gave a very bad speech about Britain’s economic situation today. It was so bad, indeed so self-defeatingly bad, that (at the threat of sounding rather parochial and hard-hearted) it sparks wider questions about the political penalties in Britain must recession lurch into fat-blown economic catastrophe.

Reuse this enlighten