Business
By BAGEHOT
IN THE closing submit on this weblog, dated June twenty eighth 2012, one in every of my predecessors presented his column on what he called “Britain’s cheering gloom”. Surveying a country appropriate two years into its first coalition authorities since the war, nonetheless struggling out of recession and unhappy about its economy, its authorities, its relationship with Europe and its immigration rate, he concluded on an optimistic declare: “Britain is lost in this crisis. With luck and grown-up leadership, it will find a way out.”
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