Europe Should Look To Britain
Tony Blair is proving to be nothing short of amazing. In 10 short weeks in office, the British Prime Minister's new Labour administration has passed a conservative budget, cut the corporate tax rate below even that of the U.S., freed the Bank of England from government control, proposed serious welfare reform, and boosted spending on education and training. At a time when Germany dithers with the euro, France flirts with heavier taxes on business, and the Continent fantasizes about working less for the same pay, Britain is positioning itself for the 21st century. The contrast is shocking.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.